Adam RollinsThe Louisiana State Bond Commission has approved several major investments in state infrastructure and utility improvement projects. These funding authorizations – primarily consisting of revenue bonds, limited tax bonds and taxable sales tax – is a necessary step before propositions can be placed on local ballots.
A selection of major approvals made by the commission include:
The Terrebonne Parish, Hospital Service District No. 1 has been authorized for $80 million in hospital revenue and refunding revenue bonds for the Terrebonne General Health System Project. Out of that amount, $54 million will go toward capital projects, including the construction and outfitting of the Healthy Lifestyles Center. The remaining $26 million will be used to refinance existing bonds.
The Louisiana Community Development Authority – located in the city of Gretna – has been authorized to receive $18 million in revenue bonds. The funding will enable the authority to improve public utility infrastructure, alongside various other capital improvement and equipment projects.
The Orleans Parish Law Enforcement District has been authorized for $15 million in unlimited tax bonds. The district will dedicate those funds to pay for upkeep of jails and related facilities. These improvements will include repairing and replacing security and surveillance systems.
The city of Minden in Webster Parish has received authorization to use $10.5 million in sales tax revenue bonds. These funds will be used to build, rehabilitate, improve and equip a baseball and softball recreational complex.
The city of Bogalusa has been given $1.8 million in taxable sales tax bonds to improve public utility infrastructure systems. Projects that will receive funding will focus on improving the city’s sewage treatment infrastructure, such as installing two open screw pumps.
The village of Robeline has been authorized to use $990,000 to upgrade the sewerage system. Actions supported through the bonds will accelerate designing, building, improving, extending and replacing equipment and fixtures.
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