Trustees of two Louisiana school districts voted last week to seek approval to issue a total of $25 million of federal qualified school construction bonds.

The Assumption Parish School Board will seek $10 million of the tax-free bonds to finance $9.9 million of improvements to parish schools.

The 15-year interest-free bonds will be supported by the Assumption Parish district’s 5.49 mill property tax and revenue from a 0.5% sales tax.

The Tangipahoa Parish School Board wants to issue $15 million of QSCBs to rebuild an elementary school.

The bonds would be supported by a 1% sales tax that voters in Tangipahoa Parish renewed in 2007.

The state has allocated $10 million of QSCBs to the Tangipahoa Parish district, but trustees voted to seek an additional $5 million allotment. If that is not obtained, district officials said they would issue $5 million of tax-exempt revenue bonds.

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