Bond Commission approves $438.9 million for area

Staff reports

BATON ROUGE – The State Bond Commission met Aug. 20 and approved $438.9 million in funding for projects in the Baton Rouge area, including Ascension Parish, according to State Treasurer John Kennedy.

“We approved a number of American Recovery and Reinvestment Act bonds that will benefit over 50 local communities statewide with improvements to schools and local infrastructure,” said Treasurer Kennedy.

The commission approved $1 million in Water Revenue Bonds for construction and improvements in Ascension Parish Consolidated Utilities District No. 1.

It also approved $80 million in GO Zone bonds for the Industrial Development Board of the Parish of Ascension, Louisiana Inc. to finance the construction and equipping of the BASF Methylamines chemical production plant in Geismar.

Also approved was:

• $350 million in GO Zone bonds for the Louisiana Community Development Authority to finance the design, construction and equipping of a hospital facility in Baton Rouge. The Woman’s Hospital Foundation project includes a 520,000 square foot medical center, two medical office buildings, a central energy plant and support services building.

• American Recovery and Reinvestment Act (ARRA) bonds were approved for sewer utility system improvements: Town of Jackson, East Feliciana Parish, $525,000; Town of Maringouin, Iberville Parish, $300,000; Town of White Castle, Iberville Parish, $686,000; and City of Hammond, Tangipahoa Parish, $900,000.

• $5.5 million for infrastructure improvements in Livingston Parish, Crystal Lakes Community Development District, including a surface water management system, drainage and roadway improvements, lighting, landscaping and park and recreational facilities.