State Bond Commission approves funding for local projects

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BATON ROUGE, LA – The State Bond Commission approved $206 million for projects statewide and saved taxpayers more than $6.4 million at its April 16 meeting, according to State Treasurer John Kennedy. Seal_of_Louisiana_large

Among the individual projects approved were:

Bossier Parish –  $15 million in Revenue Bonds for the Louisiana Community Development Authority’s City of Bossier City, Louisiana Project: for additions, acquisition, repairs and/or expansions needed to maintain works of public improvement.

Bossier and Caddo Parishes – $3.1 million in Utility Revenue Bonds for the Caddo-Bossier Parishes Port Commission: for (1) construction and acquisition of redundant water facilities and improvements for the Water System and equipment and (2) funding a debt service reserve fund, if required.

Kennedy said all of the approved projects are “vital projects that include water, sewer and school system improvements as well as acquiring equipment for solid waste facilities.”

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. For more information, visit www.LATreasury.com.