Bond Commission approves $358.4 million for area

Staff reports

BATON ROUGE – The State Bond Commission today approved $358.4 million in funding for projects in the Baton Rouge area, according to State Treasurer John Kennedy.

“Projects approved statewide this month ranged from waterworks system improvements to upgrades to manufacturing facilities and hospital facilities,” said Treasurer Kennedy.  “The commission also signed off on several debt refinancings across the state that will help local governments save money.” 

The Bond Commission approved:

• A $560,000 loan for the Pointe Coupee Parish Fire Protection District No. 1 to construct a new fire station.

• A $2.1 million loan for St. Helena Parish Hospital Service District No. 1 to refinance debt.

• $20 million in bonds (preliminary approval) for Livingston Parish, Ward Two Water District for waterworks system improvements and equipment.  The approval is contingent upon a resolution being adopted by the Livingston Council authorizing the debt.

• $5 million in bonds (preliminary approval) for Washington Parish, City of Bogalusa for waterworks system improvements.

• $1.435 million in bonds for the Point Coupee Parish Waterworks District No. 1 to refinance debt, saving $206,130.

• $535,000 in bonds (conditional approval) for West Feliciana Parish, Gas Utility District No. 1 for improvements to the natural gas transmission and distribution system.

• $100 million in GO Zone bonds for the Louisiana Community Development Authority (SNF Holding Company Project) to design, construct and equip a new water-soluble polymers manufacturing facility to be located in the Iberville Parish.

• $78.75 million in bonds (preliminary approval) for the LPFA (Air Products and Chemicals Project) to finance an expansion to the company’s hydrogen off-gas facility in Taft and the construction of hydrogen pipelines from Norco to New Orleans and Addis to Port Allen. 

• $150 million in bonds for the LPFA (Franciscan Missionaries of Our Lady Health System Project) to acquire, construct and equip a replacement hospital for Lourdes Medical Center in Lafayette, Our Lake of the Lake Hospital in Baton Rouge, and satellite outpatient facilities in Livingston Parish.

Statewide Bond Commission approvals include $200 million for the Louisiana Community Development Authority (Louisiana Community and Technical College System Facility Corporation Project) to finance improvements to the Louisiana Community and Technical College System.