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Board approves resolution to issue up to $15 million in revenue bonds for Terrebonne High renovations
Summary
The school board approved a resolution authorizing issuance of revenue bonds not to exceed $15 million (max 7% stated) for planned renovations to Terrebonne High School; bond counsel said funds could be available as early as May or June pending market conditions.
The Terrebonne Parish School Board voted to authorize the incurrence of debt and issuance of not‑to‑exceed $15,000,000 of revenue bonds, Series 2025, to fund renovations and modernization work at Terrebonne High School.
Eric LaFleur of Lafleur Laborde, serving as bond counsel, told the board the issue is structured as not to exceed $15 million and not to exceed 7 percent interest; he said “everything is in order for it to…
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