Mary Kathryn Drago

The meeting included discussion and potential action on various local governmental unit elections, including tax propositions and bond issuances for towns, school districts, and waterworks districts. These proposals covered funding for sewerage systems, public buildings, streets, recreation, police and fire departments, school facilities, and waterworks systems. There was also discussion regarding cash flow borrowings and loans for hospital service districts, waterworks/sewerage districts, and police juries, as well as final approval of bonds for school boards and cities. Additionally, the agenda covered revenue bonds for community development and monthly reports.

The State Bond Commission meeting includes discussions and potential actions on various financial matters. These include local government unit elections concerning tax propositions for East Baton Rouge Parish, Natchitoches Parish Port Commission, Orleans Parish, and Washington Parish Council. The agenda also covers final approvals for bond issuances by Rapides Parish Buckeye Recreation District, Terrebonne Parish School Board, and Union Parish Police Jury. Refinancing options for Concordia Parish, Town of Ferriday are also on the agenda. Other topics include revenue bonds for Vidalia Port Commission and Lake Charles Harbor and Terminal District, hospital revenue bonds for the Louisiana Community Development Authority, revenue anticipation notes for the Louisiana Energy and Power Authority, and a line of credit for the Louisiana Citizens Property Insurance Corporation. Additionally, the commission will consider revenue and refunding bonds for the Louisiana Public Facilities Authority related to Ochsner Clinic Foundation and Lafayette Renaissance Charter Academy projects, as well as Acadiana Renaissance Charter Academy Project. The meeting will also cover cost of issuance reportings for various entities, a status update on State of Louisiana (Gas & Fuels Tax Bonds), and consideration of amended resolutions for State of Louisiana (General Obligation Bonds).

The State Bond Commission granted and approved lines of credit for Priority 1 projects, as described in Exhibit A and Act 2 of the 2025 Regular Session of the Louisiana Legislature. These projects will be reimbursed from the proceeds of debt incurred by the State of Louisiana through the State Bond Commission. Exhibit A contains functional descriptions of the projects and sets forth the maximum principal amount of debt to be incurred. The projects will be paid from the comprehensive Capital Outlay Escrow Fund.

The State Bond Commission meeting included discussions and approvals for various items, including local governmental unit elections, cash flow borrowings, loans, bonds, and refinancings for local political subdivisions. The commission also addressed port, harbor, and terminal districts, public trusts, and ratifications or amendments to prior approvals. Additionally, there were updates on cost of issuance reportings and lines of credit, with certain items deferred to the November 2025 meeting. The commission approved moving forward with the Variable Rate Demand Bonds (VRDB) Structure with TD Bank for the State of Louisiana Gas and Fuels Tax Bonds and reviewed monthly reports.

The meeting includes call to order and roll call, followed by approval of the minutes from the August 21, 2025 meeting. The agenda covers local governmental unit elections, cash flow borrowings, loans, bonds for final approval, refinancings, and bonds for political subdivisions. It also addresses ratifications and/or amendments to prior approvals, cost of issuance reportings, and lines of credit for both state and non-state projects. The commission will consider a plan of finance for the conversion or refunding of gasoline and fuels tax bonds. The agenda concludes with notification and approval of proposed 2026 meeting dates, monthly reports, and adjournment.