DALLAS The Louisiana State Bond Commission has given its final go-ahead to more than $199 million of debt for local projects and facility improvements to state universities.
The commission also approved local refundings expected to produce $2.3 million in savings at its Sept. 19 meeting, said state Treasurer John N. Kennedy, who chairs the bond commission.
Bonds approved at the September meeting will build fire stations in three parishes, affordable housing in Shreveport, and improvements at Grambling State University and the University of Louisiana at Lafayette.
Juban Crossing Economic Development District in Livingstone Parish received approval from the commission for $37.1 million of sales tax revenue bonds. Proceeds will help fund streets, utility lines, and other infrastructure to serve a large commercial and retail development.
The commission approved Louisiana Public Facilities Authority’s plan to issue $10 million of revenue bonds to fund the state’s clean water revolving fund. Proceeds will be the state’s match for federal grants from the Environmental Protection Agency.