[{"_1":2,"_124":-5,"_125":-5},"loaderData",{"_3":4,"_26":27},"root",{"_5":6,"_17":10,"_18":19,"_20":21,"_22":10,"_23":-5,"_24":-5,"_25":10},"user",{"_7":8,"_9":10,"_11":10,"_12":-5,"_13":-5,"_14":15,"_16":-5},"roles",[],"isAuthenticated",false,"isPremium","planName","subscriptionStatus","featureFlags",{},"insightsBudget","isDevelopmentHost","userPreferences",{},"recaptchaSiteKey","6LcvOJcUAAAAAHsB-gPGfGktcRlKpH7OTIU_dMTD","isImpersonating","impersonation","affiliateStatus","isFreedomPortal","routes/v2/article/layout",{"_28":29,"_30":31},"notFound",true,"relatedArticles",[32,76,88,100,112],{"_33":34,"_35":36,"_37":38,"_39":40,"_41":42,"_43":44,"_45":46,"_47":48,"_49":50,"_51":52,"_53":54,"_55":56,"_57":58,"_59":60,"_61":62,"_63":64,"_65":66,"_67":68,"_69":70,"_71":72,"_73":74,"_75":74},"mediaId",6203160,"mediaKeyId","3784108-23583eb78ff1e84863811e2b6abb9d3d","parentId",3784108,"title","State Bond Commission authorizes planning for potential refunding of $488 million gasoline-and-fuels tax loan","audioSeconds",61,"startMs",774000,"endMs",835000,"viewUrl","/Search/View?dp=1&key=3784108-23583eb78ff1e84863811e2b6abb9d3d&start=774&end=835","thumbnailUrl","https://assets.pipeline.soar.com/3784108-23583eb78ff1e84863811e2b6abb9d3d/thumbnail_774000.jpg","articleUrl","/articles/6203160/Louisiana/State-Bond-Commission-authorizes-planning-for-potential-refunding-of-488-million-gasoline-and-fuels-tax-loan","mediaUrl","https://secure.pipeline.soar.com/6203160-2dd05cddeba6d884ee25195a2a4c39a6/orig.mp4?Expires=1773607900&Signature=Im1CYrrhS4MhbSldX0aMkKmWsjbEnKST1q9DfkP~oQv7W-E9VWWtdI3lYcy~qVVdqM02B8h2Ksx9K0EjKJSb7b31zot1a8z0gW~eKj0BpTdbNaY0rDQwOWSPZQHTIzesy~PqTtPUeuwp3a3eeJ362VWc-Ejs8qNMEtr2OWN0SRX2BeoAZ5NnkfuXZ759N2sRYQoZSmylaBt2U3dxEVVdkz1JAEnNmEowyeQ3kUTf9SiwyCVpRPGPXqy46FMikG-aAZL4b~B3h9JQvoq9uOUC67v91R49GUkNQFC5~ULH85e38n1v17NUf6sIwV1sFm7gSoapUFnmOaN1NcMRLr-MoA__&Key-Pair-Id=KUT5TJCACFTXG","author","Louisiana State Legislature","date","2025-06-12T11:08:00Z","article","The State Bond Commission on June 11 authorized staff and the municipal adviser to develop a plan of finance for a potential refunding of an outstanding gasoline-and-fuels tax revenue term loan agreement, currently with JPMorgan Chase Bank.

Commission staff said the term loan agreement, entered in April 2020, currently has an outstanding principal of about $488,000,000 with a final maturity in February of the stated maturity year referenced in the presentation. The bank has provided a proposal to payoff the loan at a discount through issuance of tax-exempt public market bonds to achieve gross savings. Staff told commissioners that recent interest-rate increases have eliminated savings at current market levels, but a decrease in yields of roughly 30 basis points could produce sufficient savings to proceed. The municipal advisor recommended beginning preparatory work so the commission is positioned to act if market conditions improve.

Representative Reiser moved approval of item 24; Senator Migas seconded. Hearing no objection, the commission approved beginning the process and developing a resolution to move the potential refunding forward should favorable market conditions occur. Staff said the authorization allows staff to begin the planning and draft a resolution for future consideration; no final refunding decision or authorization to issue bonds was made at the June meeting.","mediaType","Video","parentTitle","State Bond Commission June 11, 8:00 AM","oneSentenceSummary","Commission authorized staff and the municipal adviser to develop a plan of finance to potentially refund an outstanding $488 million gasoline-and-fuels tax revenue term loan (series 2028) with tax-exempt bonds if market conditions improve and produce savings.","taxTitle","2025 Legislature LA, Louisiana","taxId",78558,"location","Louisiana","headline","","shortSummary",{"_33":77,"_35":36,"_37":38,"_39":78,"_41":79,"_43":80,"_45":81,"_47":82,"_49":83,"_51":84,"_53":85,"_55":56,"_57":58,"_59":86,"_61":62,"_63":64,"_65":87,"_67":68,"_69":70,"_71":72,"_73":74,"_75":74},6203166,"Commission approves $9 million GO Mesa–backed revenue bonds for St. Bernard Parish drainage projects",44,432000,476000,"/Search/View?dp=1&key=3784108-23583eb78ff1e84863811e2b6abb9d3d&start=432&end=476","https://assets.pipeline.soar.com/3784108-23583eb78ff1e84863811e2b6abb9d3d/thumbnail_432000.jpg","/articles/6203166/Louisiana/Commission-approves-9-million-GO-Mesabacked-revenue-bonds-for-St-Bernard-Parish-drainage-projects","https://secure.pipeline.soar.com/6203166-380fc974f525dc04ae82d7bbe9e16603/orig.mp4?Expires=1773607900&Signature=SOEBPhKzQgTeW-3WT7MdbcMRus5A5mm-TpAtPqiCMNUjMOHFRjI0~t4gGrOxT4kED~n8B3NNeUXIdKIJL2lzmIbbjR2plQGqeVeHGxyLQfLa6wyba16fk~iEF8m8I-3h4e0JKuO8SwJanjd9xCrjzqpdh~FsXxg90oLQpMGndx8XntFyWlHfaDLinX2MEgz6JAuF4Q0tubQ0JSkoBiR80MW6ybuilSPSWThTc3kyPGXXuYMQKo8cYIKosPdFLRDXkSoSnOQT6Y86PJgaqQcUGuEHl2Mt1lL~4Q4fScPnhYGnyIpHS63uhVXM1WlM0qCzkXz6MGKa6Jnk0hs83T~7vA__&Key-Pair-Id=KUT5TJCACFTXG","The State Bond Commission on June 11 approved an application for up to $9,000,000 in revenue bonds issued by the Louisiana Community Development Authority for the St. Bernard Parish GO Mesa project. The parish intends to use the proceeds primarily for drainage improvements.

Staff explained the bonds will be special obligations secured solely by 48.5% of the parish’s GO Mesa revenues; in 2021 the parish previously leveraged the other 51.5% for bonds. Under the proposed structure, revenues received would be transferred 100% to a trustee, with 51.5% applied to the 2021 bonds and 48.5% applied to the proposed bonds. If revenues exceed required debt-service payments, 50% would go to additional bond redemption and 50% to the parish for GO Mesa-authorized uses. Staff emphasized that if revenues are insufficient to pay debt service, payment could be delayed beyond stated maturity and that investors would assume numerous risks; the bonds will be unrated and sold pursuant to a preliminary limited offering memorandum to sophisticated investors only.

Representative Reiser moved approval; Senator Migas seconded. Hearing no objections, the commission approved the item. Staff said the transaction meets technical requirements and recommended approval.","The State Bond Commission approved up to $9 million in revenue bonds for the St. Bernard Parish 'GO Mesa' project, to be repaid from a specified portion of GO Mesa revenues and marketed to sophisticated investors due to revenue and timing risks.",{"_33":89,"_35":36,"_37":38,"_39":90,"_41":91,"_43":92,"_45":93,"_47":94,"_49":95,"_51":96,"_53":97,"_55":56,"_57":58,"_59":98,"_61":62,"_63":64,"_65":99,"_67":68,"_69":70,"_71":72,"_73":74,"_75":74},6203171,"Commission clears 1% Opelousas sales-tax proposition for August special election under new state law",78,90000,168000,"/Search/View?dp=1&key=3784108-23583eb78ff1e84863811e2b6abb9d3d&start=90&end=168","https://assets.pipeline.soar.com/3784108-23583eb78ff1e84863811e2b6abb9d3d/thumbnail_90000.jpg","/articles/6203171/Louisiana/Commission-clears-1-Opelousas-sales-tax-proposition-for-August-special-election-under-new-state-law","https://secure.pipeline.soar.com/6203171-e19fc293c340e9637c0a3b09cf583992/orig.mp4?Expires=1773607900&Signature=KpW1dFKf-3LvpimR09NrvvhBwEWCi5mmdeAqWgQguQubsdf~5SFcpm5c2oPvD8p8C2NlC71QWiswD8XBBaiiteYamf5WWhdRJFz77fjmQ3JKeAvoSpHCWyOOU5rqyDg~GOZVUECbiBeWCZO9MRrZitO0G2Wvy-3eZU1sBt1tKPxGw-YrQcL1lJgfBkyOUC4~2UwEuXsyTxE7RDSPBlB6snkHAGOI24CI-Qocsz~2Uea53LXvPzpANv9YiIw4ozm3spAzw~95tBi4VlMtbbIPXQUJ~-C3qaz0a0fJaI2mb0ZGJ1tIZyL~vxmJ0XFk7DXaYlRW55sN6UxBr~3hBtbRLg__&Key-Pair-Id=KUT5TJCACFTXG","The State Bond Commission on June 11 approved an item to present a 1% sales-tax proposition for the City of Opelousas to voters at a special election on Aug. 16.

Staff told commissioners the city had planned to put the proposition on the May 3 ballot after being notified by its auditor that the tax was set to expire May 31. Because of noticing requirements and public meetings law timing, the city could not adopt an authorizing resolution before the secretary of state’s proposition deadline for the May ballot. Representative Miller authored HB 532 in the 2025 regular session to amend the election code to allow municipalities with a population between 15,000 and 16,000 to call an election on a date otherwise provided in the election code.

Staff said the bill requires two-thirds approval of the State Bond Commission membership, governor approval and secretary of state approval of the election date and that HB 532 was signed into law as Act 6. The proposition’s presentation to voters is being reviewed by the Bond Commission staff, the attorney general’s office and the secretary of state’s office, and staff recommended the item meet the technical requirements for placement on the special election ballot.

Representative Reiser moved approval of item 3; Senator Miguez seconded the motion. Hearing no objection, the commission approved the item. The staff presentation noted the item’s effective date is limited; staff said the statutory change is effective until Dec. 31 of this year.","The State Bond Commission approved placing a 1% sales-tax proposition for the City of Opelousas on a special election ballot Aug. 16 after state law (HB532/Act 6) allowed municipalities of specified sizes to call elections on otherwise unavailable dates.",{"_33":101,"_35":36,"_37":38,"_39":102,"_41":103,"_43":104,"_45":105,"_47":106,"_49":107,"_51":108,"_53":109,"_55":56,"_57":58,"_59":110,"_61":62,"_63":64,"_65":111,"_67":68,"_69":70,"_71":72,"_73":74,"_75":74},6203176,"Bond commission approves $125 million Louisiana Housing Corporation mortgage revenue allocation",35,364000,399000,"/Search/View?dp=1&key=3784108-23583eb78ff1e84863811e2b6abb9d3d&start=364&end=399","https://assets.pipeline.soar.com/3784108-23583eb78ff1e84863811e2b6abb9d3d/thumbnail_364000.jpg","/articles/6203176/Louisiana/Bond-commission-approves-125-million-Louisiana-Housing-Corporation-mortgage-revenue-allocation","https://secure.pipeline.soar.com/6203176-d3c3d945de8da3a601d09ebd0d115350/orig.mp4?Expires=1773607900&Signature=OrAvnD5h46RJcprFncCJKI7rFazlhmLp1hf9ODXa10blyUj7ixQCKXoekAl8F3A5drahPEe4H-5sSYKRLiqyrBCSMWXvLopGqNEY2WYeVRePJzbx7qT7H8azQkkHdHkQjFfz1Jmr-0broUgnIBdHeqP4GRB1ww12kMfbZvNKeyXAwjExReU~pnlzSpp1An-SOxyAnx~8A8hd0BQSNpQ~rI0jHZScFFJ1hBMrpeHc2AcrXV88-e9eC31LsNmcPrZ4IXYw47r~0lzpQxiUPIRyyMVciYdfuUQKGSZE4pQCIq0fvQA4WZj2uNJvsbWpCEXd7Y69eos9Ms8mY5X~0LBpwg__&Key-Pair-Id=KUT5TJCACFTXG","The State Bond Commission on June 11 approved an application for not-to-exceed $125,000,000 in single-family mortgage revenue bonds for the Louisiana Housing Corporation.

According to the staff presentation, proceeds will finance mortgage loans, qualified home-improvement loans, qualified rehabilitation loans, and down-payment and closing-cost assistance for first-time or low- to moderate-income homebuyers. The staff said $25,000,000 of the proposed debt is expected to be issued as taxable to allow inclusion of non–first-time homebuyers, and the corporation has applied for an allocation under the state’s private activity volume cap.

Staff told commissioners the application met the technical requirements and recommended approval. Representative Reiser moved approval; Senator Migos seconded. Hearing no objections, the commission approved item 15.

The approval at the commission level authorizes the bond issuance structure to move forward subject to standard closing and allocation requirements; staff did not provide further details on timing, interest rates, or the precise mix of taxable and tax-exempt tranches at the June hearing.","The commission approved up to $125 million in single-family mortgage revenue bonds for the Louisiana Housing Corporation to support mortgage loans, home-improvement and rehabilitation loans, and down-payment and closing-cost assistance, with $25 million expected to be taxable to include non–first-time buyers.",{"_33":113,"_35":36,"_37":38,"_39":114,"_41":115,"_43":116,"_45":117,"_47":118,"_49":119,"_51":120,"_53":121,"_55":56,"_57":58,"_59":122,"_61":62,"_63":64,"_65":123,"_67":68,"_69":70,"_71":72,"_73":74,"_75":74},6203179,"State Bond Commission grants preliminary approval for $215 million LSU housing bonds",47,517000,564000,"/Search/View?dp=1&key=3784108-23583eb78ff1e84863811e2b6abb9d3d&start=517&end=564","https://assets.pipeline.soar.com/3784108-23583eb78ff1e84863811e2b6abb9d3d/thumbnail_517000.jpg","/articles/6203179/Louisiana/State-Bond-Commission-grants-preliminary-approval-for-215-million-LSU-housing-bonds","https://secure.pipeline.soar.com/6203179-0877bc7717bfbbe56cf0dba79969f461/orig.mp4?Expires=1773607900&Signature=T72jCfXULuj-6ROVNky7dblILIRhi2ao1moppFNBozwPjTtLNOcYbUyxMTE4zsBygtzbwuO4eHXwQLxVVVnV5WugSrAOL7~OdbZR0xOo0rRJPeWXaHA1wF23jQ8rdjvGRqxPRCF48xurUFS0SpGK~NalmHuE3z3ZRZWIaMgOfTuvzuAurPmYLnZyeVdVJdEGgUMhfISgT-f4UBHtaVUHdP1Xh2SgDQRCaXhgVsQhETJxAlWG55iWYm7KL59SENCGyjztnRc~V-f-t8wUNPQjDG0~vFohBaq2NVhO3oym8Zbu1Cjt7Sdj2dawat6a4QJGG37806LBIDuYjnaPV6Im2A__&Key-Pair-Id=KUT5TJCACFTXG","The State Bond Commission on June 11 granted preliminary approval and a notice of intent for up to $215,000,000 in revenue bonds to finance the next phase of Louisiana State University’s South Quad housing project.

The project described to the commission would add two residence halls primarily for freshmen, totaling about 1,100 beds, plus parking. Bonds would be secured by a lease between the LSU Board and the borrower and repaid from auxiliary revenues and rental payments from residents. The commission’s staff said final approval is expected to be requested at the commission’s July meeting.

Staff members presenting the item told commissioners the bonds would be issued by the Louisiana Public Facilities Authority and would be repaid from lease revenues paid by LSU. The commission’s recommendation was for preliminary approval and issuance of a notice of intent; a request for final approval was not made at the June meeting.

Representative Reiser moved approval of item 17; Senator Amigo seconded the motion. Hearing no objections, the commission approved the notice of intent and preliminary approval.

Background detail provided to commissioners noted that repayment ultimately depends on auxiliary revenue and rental payments from residents rather than a dedicated tax or general obligation pledge. The staff presentation said the application met the commission’s technical requirements and recommended approval of the preliminary action. No members raised questions on the record during the June hearing.

The commission will consider final approval at its July meeting, where additional details on structure, security, and any required approvals will be presented.","The State Bond Commission gave preliminary approval and a notice of intent to issue up to $215 million in revenue bonds for Louisiana State University’s South Quad 4 student housing expansion, with final approval expected in July.","actionData","errors"]

Article not found

State Bond Commission authorizes planning for potential refunding of $488 million gasoline-and-fuels tax loan

Commission approves $9 million GO Mesa–backed revenue bonds for St. Bernard Parish drainage projects

Commission clears 1% Opelousas sales-tax proposition for August special election under new state law

Bond commission approves $125 million Louisiana Housing Corporation mortgage revenue allocation

State Bond Commission grants preliminary approval for $215 million LSU housing bonds