The Legislative Joint Budget Committee and the State Bond Commission last week separately approved the state’s plan to buy $238 million of variable-rate debt issued in 2006 by the Louisiana Stadium and Exposition District, which oversees the Louisiana Superdome in New Orleans.

The Bond Commission approved the plan on April 24, and the Budget Committee gave its approval the next day with no discussion or objections.

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.