DALLAS — Sales are sluggish for Gulf Opportunity Zone bonds approved by the Louisiana State Bond Commission, with some parishes reporting only minimal sales for the bonds intended to help Gulf Coast states in hurricane recovery efforts.

Louisiana received an allocation of $7.94 billion of the tax-exempt private-activity bonds under the 2005 federal act, along with $200 million of GO Zone tax-credit bonds. The bonds are part of the recovery effort from hurricanes Katrina and Rita, which hit the state in 2005.

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