The State Bond Commission at its Oct. 16 meeting approved a package of bond and loan items affecting parishes, municipalities, school boards, ports and public trusts. Representative Romero moved most approval motions; Senator Stein frequently seconded. In several instances motions passed by voice vote with no recorded objections. Senator Morris recorded recusals from items 9, 15, 18, 25 and 28.

Major approvals and formal actions (outcomes shown):

- Item 3: Franklin Parish School Board — millage proposition to be submitted to voters on the April 18 ballot; APPROVED.

- Items 4–7: Cash‑flow revenue anticipation notes
- Item 4: Franklin Pierce Hospital Service District No. 1 — not exceeding $1,500,000; APPROVED.
- Item 5: Madison Parish School Board — not exceeding $2,500,000; APPROVED. (School board placed under fiscal administration; fiscal administrator submitted a multi‑year pro forma and repayment plan.)
- Item 6: Orlean Pierce School Board — not exceeding $50,000,000 (annual cash‑flow loan, same amount as prior year); APPROVED.
- Item 7: City of Franklin — not exceeding $1,000,000 (first request; water plant issues cited); APPROVED.

- Items 8–11: Local bonds and grants
- Item 8: Village of Wilson — taxable excess revenue bonds not exceeding $800,000 (DEQ forgiveness loan for wastewater plant replacement); APPROVED.
- Item 9: Town of White Castle — grant anticipation notes not exceeding $3,929,761 (broadband grant); APPROVED. (Senator Morris recused.)
- Item 10: St. Mary Parish Recreation District No. 3 — limited tax bonds not exceeding $2,000,000 (park/recreation projects); APPROVED.
- Item 11: Village of Sykes — water revenue bonds not exceeding $102,000 (water system improvements; project sources include EPA grant $1.7M and state direct appropriation $100,000); APPROVED.

- Items 12–18: Bonds for local political subdivisions
- Item 12: Avoyles Parish Law Enforcement District — limited tax revenue bonds not exceeding $9,000,000 (new correctional facility); APPROVED.
- Item 13: City of Westlake — sales tax bonds not exceeding $4,000,000 (sewer, fire station, parks); APPROVED.
- Item 14: Town of Vinton — taxable water revenue bonds not exceeding $6,070,000; APPROVED.
- Item 15: Calcasieu Parish Water Works District No. 1, Ward 1 — taxable water revenue bonds not exceeding $9,900,000; APPROVED. (Senator Morris recused.)
- Item 16: Lafayette Parish School Board — sales tax revenue bonds not exceeding $50,000,000 (school improvements and K–8 replacement for North Lafayette up to 1,300 students); APPROVED.
- Item 17: Livingston Parish Council — sales tax revenue bonds not exceeding $91,290,000 (roads and drainage); APPROVED.
- Item 18: Livingston Parish Juvenile Crossing Economic Development District — revenue bonds not exceeding $12,500,000 (phase 2 retail expansion); APPROVED. (Senator Morris recused.)

- Items 19–20: Refinancings
- Item 19: City of Shreveport — water and sewer revenue refunding bonds not exceeding $190,000,000 (estimated gross savings ~$9.4M); APPROVED.
- Item 20: East Baton Rouge Parish/City of Baton Rouge — road and street improvement sales tax revenue refunding bonds not exceeding $52,000,000 (estimated gross savings ~$1.9M); APPROVED.

- Item 21: Visit Baton Rouge — historic tax credit transaction associated with prior approval not exceeding $7,000,000 for renovation of 232 Lafayette; APPROVED.

- Items 22–24: Port, Harbor and Terminal Districts
- Item 22: Abbeville Harbor and Terminal District — revenue bonds not exceeding $1,500,000 (emergency response facility); APPROVED.
- Item 23: Morgan City Harbor and Terminal District — revenue bonds not exceeding $7,000,000 (warehouse expansion; anticipated $6.4M USDOT grant); APPROVED.
- Item 24: Tinsall Parish Port — revenue bonds not exceeding $3,815,000 (bulk loading and grain storage; project sources include DOTD port priority program $9.1M); APPROVED.

- Item 25: Louisiana Community Development Authority — American BioCarbon CT LLC project, revenue bonds not exceeding $40,000,000 (project to expand a demonstration plant converting agricultural waste to bio‑carbon); APPROVED. (Senator Morris recused.)

- Items 26–28: Public trust transactions
- Item 26: Louisiana Public Facilities Authority — Clean Water State Revolving Loan Fund Match Program, additional revenue bonds not exceeding $35,000,000 (letter of credit/purchase details read into record); APPROVED.
- Item 27: Louisiana Public Facilities Authority — Waste Pro USA Inc. project, revenue bonds not exceeding $75,000,000; APPROVED.
- Item 28: Calcasieu Parish Public Trust Authority — Imperial Calcasieu Human Services Authority project, revenue bonds not exceeding $10,000,000; APPROVED. (Senator Morris recused.)

- Item 29: Amendment for Louisiana Community Development Authority — Vermilion Parish School Board (add refunding purpose; anticipated issuance $12M for projects, $5M for refinancing); APPROVED (contingent on board resolution adoption Oct. 16).

- Items 30–31: Cost of issuance reports (no motion required)
- Item 30: East Feliciana Parish Water Works District No. 7 — cost reporting for previously approved bonds; acknowledged.
- Item 31: Office Facilities Corporation — Northwest Louisiana State Office Building Project — cost of issuance reporting (fees adjusted); acknowledged.

- Items 32–41: Lines of credit and certificates
- Item 32 (certificates of impossibility/practicality): Commission moved to DEFER issuance of the certificates to the November meeting to allow agencies time to submit updated information; DEFERRED to November.
- Items 33–35 (priority 1 cash lines of credit): item adjustments were made to remain within capacity; approved with one project (an $18M Southern University Chillwater project) deferred to next month to balance capacity.
- Items 36–38 (priority 2 cash lines of credit): DEFERRED to November pending item 32 action.
- Items 39–41 (priority 5 non‑cash lines of credit): APPROVED.

- Item 42: Authorization to proceed with conversion/ refunding plan for the outstanding 2022 gas and fuels tax bonds (review of structures; recommendation to use variable rate demand bond structure with TD Bank letter of credit and TD Financial Products as remarketing agent); APPROVED.

The commission’s monthly reports and volume‑cap reports were received, and staff announced the December meeting date change to Dec. 11 (applications due Nov. 7). The chair adjourned the meeting after no further business was raised.