The State Bond Commission met July 21. On the meeting agenda was a resolution setting forth the official intent by the State Bond Commission to reimburse Lines of Credit expenditures with proceeds of General Obligation Bonds for requests submitted by the Office of the Commissioner, Division of Administration, Office if the Governor, for the granting of Lines of Credit and authorization to issue General Obligation Bonds in the amount of $964,775,105 for projects contained in Priority 1 of the current Capital Outlay Act (Act 16 of the 2016 2nd Extraordinary Legislative Session) and listed in the attached exhibit.
Priority 1 cash lines of credit recommendation:
- NSU: Multi-purpose assembly center, planning and construction $76,200 (Bond sale amount $76,100)
- NSU: Parking lot repairs, planning and construction $64,300 (Bond sale amount $33,900)
- LSMSA: HVAC issues in Caddo Hall, planning and construction $471,100 (Bond sale amount $458,900)
- LSMSA: New dormitory building, planning and construction $1,257,900 (Bond sale amount $295,900)
- LSMSA: Stair railings – addressing code violations, planning and construction $133,200 (Bond sale amount $11,900)
- Natchitoches Parish: Natchitoches Parish Office of Community Services addition and renovation $6,000 (Bond sale amount $6,000)
- Natchitoches: South Natchitoches drainage improvements including adjacent roadwork, planning and construction $39,000
- Natchitoches: Texas and Pacific Railway Natchitoches Depot redevelopment $195,000
- Natchitoches Council on Aging: Reconstruction and renovations to Natchitoches Parish Council on Aging Office and Activities building, planning and construction $7,700 (Bond sale amount $6,700)
- Natchitoches Council on Aging: Reconstruct Natchitoches Parish Council on Aging Activities building, planning and construction $115,800 (Bond sale amount $112,800)
- Natchitoches Communications District: Natchitoches Parish Emergency Communications District, planning and construction $2,800,000
- Natchitoches Veterans Memorial Park Commission: Natchitoches Veterans and Memorial Park, planning and construction $13,500 (Bond sale amount $13,500)