Aug 21, 2014 4:25 PM
The State Bond Commission approved $25 million for projects statewide at its Aug. 21 meeting, according to State Treasurer John Kennedy.
"We saved taxpayers money and approved projects that will provide drinking water, school transportation and other essential public services," said Treasurer Kennedy. "Citizens in the parishes of Caddo, Calcasieu, Evangeline, Iberia, Iberville, Morehouse and Vermilion will reap the benefits."
Among the individual projects approved were:
Caddo, $5.25 million in Taxable Water Revenue Bonds for the town of Greenwood: for acquiring, constructing, and installing additions, extensions, improvements and replacements to the drinking water system, including equipment and fixture.
Calcasieu, $10 million in Revenue Bonds for the Calcasieu Parish School Board:for acquiring additions and replacements and/or making repairs to school transportation vehicles, facilities and equipment.
Calcasieu,$265,000 in Certificates of Indebtedness for Waterworks District No. 11, Wards 4 and 7: for construction and installation of a water tank and a pipe.
Deridder, $500,000 in Revenue Bonds for the Louisiana Community Development Authority: for renovating the swimming pool, pool house and shelter at West Park.
Evangeline, $2.5 million in Limited Tax Revenue Bonds for the Evangeline Parish School Board: for data distribution including servers, external and internal rewiring, switches, and related equipment.
Iberia, $2 million in Excess Revenue Bonds for the Iberia Parish Communications District: for capital improvements and the acquisition of furniture, fixtures and equipment and funding a reserve if required.
Iberville, $1 million in Sales Tax Bonds for the town of Maringouin: for constructing a new Town Hall, including furnishings, equipment and accessories.
Morehouse, $775,000 in Limited Tax Bonds for the Morehouse Parish School Board, Consolidated School District No. 12: for acquiring, constructing, improving or equipping public elementary and secondary schools.
Vermillion Parish, $2.75 million in Water Revenue Bonds for Waterworks District No. 1: for acquiring and constructing improvements and extensions to the waterworks system, including appurtenant equipment and fixtures.
Statewide, the State Bond Commission approved $259 million in cash lines of credit to continue construction projects across Louisiana.
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.