Louisiana

Moody’s Investors Service last week downgraded the New Orleans Sewerage and Water Board’s revenue debt to Baa1 from A3 with a negative outlook. The move affects $172 million of outstanding sewer revenue bonds.

DALLAS — New Orleans Mayor Mitch Landrieu has called on the board overseeing Louis Armstrong New Orleans International Airport for a "robust analysis" on whether to build a new terminal or expand the existing facilities.

The Clay Gas Utility District of Clay County on Tuesday filed a notice saying that it hopes to make a tender offer for some or all of its bonds, which are in default.

Denham Springs Mayor Jimmy Durbin said earlier this week that $50 million of sales tax revenue bonds issued in 2007 to bring in a Bass Pro Shops store could be paid off years earlier than planned.

The Shreveport City Council Tuesday approved a list of capital improvement projects that will be financed with $79 million of general obligation bond proceeds.

DALLAS - The Louisiana State Bond Commission gave the go-ahead Thursday for the sale of $31 million of tax-credit bonds to finance an energy-efficiency effort at state prisons.

The Louisiana Legislature failed to implement long-term financial solutions while balancing the fiscal 2012 budget, Treasurer John Kennedy said last week in a letter to the editor sent to media outlets in the state.

DALLAS - A proposed $748 million capital improvement plan for East Baton Rouge Parish, La., was officially killed Wednesday night by the Metropolitan Council.

Officials of the Parishwide School District of Orleans Parish and the state-operated New Orleans Recovery School District said Monday they would revise current plans to ensure that New Orleans’ hurricane-damaged schools will be rebuilt or replaced with the $2 billion in federal aid already received for the effort.

The combined rebuilding program of Louisiana’s Orleans Parish School District and state-operated New Orleans Recovery School District needs to be reconsidered, a coalition of New Orleans business and civic groups said last week.

DALLAS - A proposed $748 million capital improvement proposal for East Baton Rouge Parish, La., will proceed despite the refusal by a majority of parish commissioners to consider the plan, Mayor-President Melvin "Kip" Holden said Thursday.

DALLAS - A $748 million capital improvement plan for East Baton Rouge Parish was rebuffed on Wednesday when the Metropolitan Council refused to consider a request by Mayor-President Melvin "Kip" Holden to set a November election date.

The infrastructure set to be financed with East Baton Rouge Parish’s proposed $748 bond package is vital to public safety and security, Mayor-President Melvin "Kip" Holden said Monday in a briefing at the Baton Rouge Press Club.

DALLAS — Louisiana Treasurer John Kennedy Tuesday night will hear from opponents as well as backers of a proposed $1.2 billion, 424-bed state academic medical center in New Orleans.

DALLAS - The Louisiana State Bond Commission on Thursday approved the sale by the East Baton Rouge Sewerage Commission of $202.5 million of variable-rate revenue bonds.

A bill signed last week by Louisiana Gov. Bobby Jindal will complete the final $160 million of financing for two segments of Interstate 49 North that will connect Shreveport to the Arkansas line.

DALLAS - The board overseeing the construction of a proposed $1.2 billion state hospital in New Orleans decided Wednesday to take another look at the proposed financing.

DALLAS - Voters in East Baton Rouge Parish, La., may have the opportunity in November to decide on a $748.5 million capital improvement plan that would include $716 million of bonds to finance projects in the city of Baton Rouge and throughout the parish.

The Louisiana Wildlife and Fisheries Commission voted unanimously last week to seek voluntary legal help in contesting the constitutionality of the legislative transfer of $26.4 million into the state’s general fund from a fund the commission oversees.

Voters in Lafayette Parish will decide Oct. 22 on a proposed 20-year, $561 million general obligation bond issue to fund new schools and upgrade facilities.