Louisiana rural roads bond sale moving ahead - KNOE 8 News; KNOE-TV; KNOE.com |

Louisiana rural roads bond sale moving ahead

Posted: Updated:

BATON ROUGE, La., (KNOE 8 News) - Work on dozens of rural Louisiana roadways is a step closer to beginning with the Bond Commission's approval of a $100 million bond sale to finance the rural roads project, according to State Treasurer John Kennedy.

"The approval today was the first step needed to make much-needed improvements to rural roads in 37 parishes," said Treasurer Kennedy. "We now will look carefully at the structure of this bond sale to ensure we get the best deal possible for Louisiana taxpayers."

In addition to approving funding for rural roads, the Bond Commission signed off on over $140 million for local projects statewide. Among the individual projects approved are:

Caddo Parish, City of Shreveport, $5 million in Utility Revenue Bonds: For sewer improvements.

Claiborne Parish, Town of Homer, $3.5 million in Taxable Utility Revenue Bonds: For wastewater treatment system improvements.

Evangeline Parish, Fire Protection District, $450,000 in Certificates of Indebtedness: To purchase a fire fighting vehicle and related equipment.

Lafayette Parish, City of Youngsville, Youngsville Sales Tax District No. 1, $9.5 million in Recreational Facility Sales Tax Revenue Bonds: For construction of a community center and recreational facility improvements.

LaSalle Parish, Town of Olla, $100,000 in Certificates of Indebtedness: To acquire fire protection equipment.

St. Landry Parish, Fire Protection District No. 7, $175,000 in Certificates of Indebtedness: To acquire fire protection facilities and equipment.

St. Tammany Parish, Recreation District No. 11, $1.1 million in Limited Tax Certificates: For improvements to parks, playgrounds, recreation center and facilities.

Terrebonne Parish, Terrebonne Levee and Conservation District, $100 million in Public Improvement Sales Tax Bonds: For hurricane risk reduction projects including Morganza to the Gulf or other flood protection improvements.

Terrebonne Parish, Terrebonne Parish Council, $11.275 million in Public Improvement Bonds: For roads, bridges and other improvements.

Terrebonne Parish, Terrebonne Port Commission, $3.5 million in Certificates of Indebtedness: For public improvements.

Vernon Parish, City of Leesville, $4.8 million in Public Improvement Bonds: For waterworks system improvements.

Washington Parish, Mount Hermon Water District, $700,000 in Taxable Water Revenue Bonds: For waterworks system improvements.

Likewise, the Commission approved over $6 million in savings for local governments by refinancing existing debt. Among the refinancings were:

Caddo Parish, Caddo Sewerage District No 2., $10,000 in savings.

Claiborne Parish, Town of Homer, $70,000 in savings.

DeSoto Parish, DeSoto Parish School Board, School District No. 2, $214,000 in savings.

Iberia Parish School Board, Parishwide School District, $170,000 in savings.

Lincoln Parish, Lincoln Parish School Board, Ruston School District No. 1, $310,000 in savings.

Lincoln Parish, Lincoln Parish School Board, Simsboro School District No. 3, $258,000 in savings.

Madison Parish, Madison Parish School Board, $496,000 in savings.

Rapides Parish, Rapides Parish School Board, Rigolette School District No. 11, $272,000 in savings.

Richland Parish, Richland Parish School Board, School District No. 1, $247,000 in savings.

St. Charles Parish, St. Charles Parish Council, $560,000 in savings.

St. James Parish, Town of Gramercy, $36,000 in savings.

Terrebonne Parish, Hospital Service District No. 1 (Terrebonne General Medical Center Project), $3.6 million in savings.

Winn Parish, Winn Parish School Board, Consolidated School District No. 11, $161,000 in savings.

The Louisiana State Bond Commission meets monthly to review and approve applications from parishes, municipalities, special taxing districts, and other political subdivisions of the state requesting authority to incur debt.

  • Most Popular StoriesMost Popular StoriesMore>>

  • Union Sheriff: Man was attempting to hire hit man to kill family members

    Union Sheriff: Man was attempting to hire hit man to kill family members

    Monday, July 28 2014 1:21 PM EDT2014-07-28 17:21:58 GMT
    UNION PARISH, La. (KNOE 8 News UPSO) - A Ouachita Parish resident was arrested by Union Parish sheriff’s deputies and investigators over the weekend accused of solicitation of murder.
    UNION PARISH, La. (KNOE 8 News UPSO) - A Ouachita Parish resident was arrested by Union Parish sheriff’s deputies and investigators over the weekend accused of solicitation of murder.
  • West Monroe man arrested for meth possession

    West Monroe man arrested for meth possession

    Sunday, July 27 2014 9:09 PM EDT2014-07-28 01:09:38 GMT
    WEST MONROE, La. (KNOE 8 News) - West Monroe Police arrested a man early Sunday morning for possession of drugs.
    WEST MONROE, La. (KNOE 8 News) - West Monroe Police arrested a man early Sunday morning for possession of drugs.
  • Retired deputy drowns trying to save terrier

    Retired deputy drowns trying to save terrier

    Sunday, July 27 2014 8:43 PM EDT2014-07-28 00:43:53 GMT
    Ret. Lt. Sam Vitter (Source: APSO)Ret. Lt. Sam Vitter (Source: APSO)
    PRAIRIEVILLE, La. (AP) - The Ascension Parish Sheriff's Office says a recently retired deputy has drowned trying to rescue his Yorkshire terrier.
    PRAIRIEVILLE, La. (AP) - The Ascension Parish Sheriff's Office says a recently retired deputy has drowned trying to rescue his Yorkshire terrier.
  • Areas of West Monroe test positive for West Nile

    Areas of West Monroe test positive for West Nile

    Friday, July 25 2014 4:31 PM EDT2014-07-25 20:31:42 GMT
    OUACHITA PARISH, La. (KNOE 8 News OPMAD) - Three mosquito pools, representing three locations, have tested positive for West Nile virus in Ouachita Parish.
    OUACHITA PARISH, La. (KNOE 8 News OPMAD) - Three mosquito pools, representing three locations, have tested positive for West Nile virus in Ouachita Parish.
  • MPD investigate Friday night rape report

    MPD investigate Friday night rape report

    Saturday, July 26 2014 6:05 PM EDT2014-07-26 22:05:59 GMT
    MONROE, La. (KNOE 8 News) - Monroe Police are investigating a reported rape from Friday night.
    MONROE, La. (KNOE 8 News) - Monroe Police are investigating a reported rape from Friday night.
  • Clerk wrestles gun away from armed robbery suspect

    Clerk wrestles gun away from armed robbery suspect

    Saturday, July 26 2014 4:40 PM EDT2014-07-26 20:40:24 GMT
    MONROE, La. (KNOE 8 News) - Police are investigating an attempted armed robbery where a clerk fought a gun away from a suspect.
    MONROE, La. (KNOE 8 News) - Police are investigating an attempted armed robbery where a clerk fought a gun away from a suspect.
  • Group protests illegal immigration in Monroe

    Group protests illegal immigration in Monroe

    Saturday, July 26 2014 6:29 PM EDT2014-07-26 22:29:54 GMT
    MONROE, La. (KNOE 8 News) - On Saturday, a small group took to the streets of the Twin Cities, to protest illegal immigration. They call themselves, Three Percenters. They say they are dedicated to action, education and reform of government, they believe has gotten too large to effectively operate. 
    MONROE, La. (KNOE 8 News) - On Saturday, a small group took to the streets of the Twin Cities, to protest illegal immigration. They call themselves, Three Percenters. They say they are dedicated to action, education and reform of government, they believe has gotten too large to effectively operate. 
  • Mom on teen's 9-month absence: She isn't pregnant

    Mom on teen's 9-month absence: She isn't pregnant

    Monday, July 28 2014 10:30 AM EDT2014-07-28 14:30:30 GMT
    NORTH CONWAY, N.H. (AP) - The mother of a 15-year-old New Hampshire girl reunited with her family nine months after she vanished says rumors that she was pregnant aren't true.
    NORTH CONWAY, N.H. (AP) - The mother of a 15-year-old New Hampshire girl reunited with her family nine months after she vanished says rumors that she was pregnant aren't true.
Powered by WorldNow
All content © Copyright 2000 - 2014 WorldNow and KNOE. All Rights Reserved.
For more information on this site, please read our Privacy Policy and Terms of Service.