Bond commission approves $3.5 million for Southwest Louisiana
BATON ROUGE – The State Bond Commission approved $3.5 million in funding for projects in southwest Louisiana at its October 16, meeting, according to State Treasurer John Kennedy.
“Projects this month ranged from public works improvements and debt refinancings to affordable housing and economic development opportunities,” said Treasurer Kennedy. “In addition, local governments were approved for at least $3 million for storm-related expenses and funding necessary for the continued recovery and rebuilding from the hurricanes.”
The Bond Commission approved:
•A $250,000 loan for the Calcasieu Parish Police Jury to pay a portion of the costs of construction of single family housing units at the corner of North Grace and Moeling Streets in the City of Lake Charles.
•A $1 million loan for the St. Mary Parish Law Enforcement District for operating costs and unanticipated emergency expenses incurred because of Hurricanes Gustav and Ike.
•$2.253 million in bonds for the Evangeline Parish School Board, School District No. Seven of the Second Police Jury Ward of Evangeline Parish and Acadia Parish, the Seventh Police Jury Ward to refinance debt, saving $141,646.