DALLAS - The Ascension Parish-Wide School District in Louisiana will use the proceeds from Tuesday's competitive sale of $40 million of 20-year, unlimited-tax general obligation bonds to build new schools needed because of migration from nearby communities, spiked by an influx of evacuees displaced by Hurricane Katrina in 2005.

The parish-wide district, located between Baton Rouge and New Orleans, is the fastest-growing school district in the state.

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