DALLAS St. Tammany Parish Wide School District No. 12 in Louisiana will issue the first tranche from $167 million of debt authorized by voters in March with Thursday's competitive sale of $67 million of 20-year general obligation bonds.

Many parish residents work in New Orleans, about 25 miles south of the parish, which is located on the northern shore of Lake Ponchartrain. The parish experienced an increase in population after Hurricane Katrina in August 2005, as an estimated 65,000 displaced residents from St. Bernard, Orleans, Jefferson, and Plaquemines parishes relocated to St. Tammany.

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