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State Bond Commission approves $1.72M–$70M local government bond requests
Summary
The commission approved four local government bond measures on May 15: Clayton sewer revenue bonds, Winnsboro revenue bonds, Lafayette Parish School Board sales tax bonds and St. Charles Parish limited tax bonds.
The State Bond Commission on May 15 approved four local-government bond requests totaling applications ranging from $650,000 to $70 million.
Staff presented items 33 through 36 and recommended approval after technical review. Item 33 was a request from the Village of Clayton for not to exceed $1,720,000 in taxable sewer revenue bonds; staff said the bonds support wastewater system improvements and that the village faces Federal and State water-quality issues. Item 34 was a request from the Town of Winnsboro for up to $650,000 in revenue bonds to purchase a municipal building; staff said sewer verifications showed compliance with LDH and financial sustainability per the legislative auditor but not yet full compliance with DEQ; the town completed a $4,980,000 sewer project and plans an additional $2,000,000 project through DEQ's revolving loan fund and anticipates upcoming water and sewer rate increases. Item 35 was a Lafayette Parish School Board request for up to $70,000,000 in sales tax revenue bonds to fund school facility improvements. Item 36 was a St. Charles Parish Council request for up to $10,000,000 in taxable limited tax bonds to upgrade the Hanville Wastewater Treatment Plant, which staff said is approaching design capacity.
Representative Reiser moved approval of items 33 through 36; the motion was seconded and adopted without recorded roll-call tallies. Staff said each application met the commission's technical requirements and recommended approval.
Why it matters: The approvals clear the way for financing local infrastructure and school facility projects; some projects are tied to DEQ compliance and planned additional capital work.
Details: Winnsboro officials indicated a planned rate increase for water and sewer as part of the corrective actions; Clayton's bonds are linked to a percent-forgiveness loan from DEQ for wastewater improvements. The commission record shows voice approvals with no roll-call vote recorded in the transcript.
