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Bond Commission approves $3.9B in projects across Louisiana

The Louisiana State Bond Commission approved funding for projects across the state on Thursday, June 20.

Acadia and Lafayette Parishes and the Town of Duson will receive $1.2 million for acquiring, improving and constructing sewerage and water treatment, distribution, and disposal facilities.

DeSoto Parish and the City of Mansfield will receive $2.75 million in sales tax bonds for acquiring, constructing, extending, and improving the water system.

Evangeline Parish and the Louisiana Public Facilities Authority will receive $25.5 million in hospital revenue bonds for needed upgrades to the Savoy Medical Center.

Ten million dollars in revenue bonds will go to Lincoln Parish, the Louisiana Community Development Authority Revenue Bonds for the development, design, renovation, construction and equipping of a new parking facility and related facilities for students, faculty and staff at Louisiana Tech University.

Livingston Parish and the Juban Crossing Community Development District will receive $22.8 million in revenue and special assessment revenue bonds for acquiring and constructing surface water management and control systems, water distribution and transmission, and wastewater collection and transmission facilities, roadwork and funding incidental costs.

Streets, sidewalks, alleys and roadways in Morehouse Parish and the City of Bastrop will see improvements thanks to $5.5 million in street improvement revenue bonds for maintaining, improving, repairing, and extending the streets, sidewalks, alleys, roadways and related drainage.

Rapides Parish and the Village of Forest Hill will receive $1.9 million for constructing, and acquiring improvements, extensions, and replacements to the drinking water component of the drinking water, sewerage, natural gas, and sanitation plants and systems, including equipment and fixtures.

St. Tammany Parish School Board: $5 million for purchasing Chromebooks and equipment.

The Louisiana Housing Corporation will receive $80 million for its Home Ownership Program to finance first mortgage loans for homebuyers throughout the state and finance qualified home improvement loans and qualified rehabilitation loans.

Overall, the State Bond Commission has approved 95 debt applications totaling $3.89 billion and 144 local government elections.

State Treasurer Fleming credited this success to the “hard work of our talented team of dedicated professionals.”

A native of West Monroe, Lexi is a junior at the University of Louisiana Monroe where she is pursuing a Bachelor of Arts in Music with a concentration in communications.