The Lafayette Parish School Board will submit an application to the Louisiana Department of Education for at least $30 million of qualified school construction bonds from the state’s $131.6 million allocation of federal stimulus funds.

Larger school districts in the state, including East Baton Rouge, Caddo, Jefferson, and Orleans parishes, received separate allocations.

The board’s sales tax debt is rated A2 by Moody’s Investors Service, AA-minus by Fitch Ratings, and AA by Standard & Poor’s.

Subscribe Now

Independent and authoritative analysis and perspective for the bond buying industry.

14-Day Free Trial

No credit card required. Complete access to articles, breaking news and industry data.