State Bond Commission Approves Baker High Project

The State Bond Commission met today, November 21, 2019, at 10:00 a.m.  One of the items heard was the following on the Baker High School Project:

S19-047 – Louisiana Community Development Authority (City of Baker School District

                  Project)

(1)    Not exceeding $ 14,610,00 Revenue Bonds, taxable or tax-exempt, in one or more series,

         not exceeding 5%, not exceeding 40 years,

(a)    demolition, construction, reconstruction, renovation and improvement of a new high

         school, including all furnishings, fixtures and facilities,

(b)    funding capitalized interest, if necessary, (c) funding a debt service reserve fund, if

         necessary and (2) not exceeding $23,000,00 Bond Anticipation Notes, Taxable or tax-

         exempt, in one or more series, not exceeding 6% fixed or 8% variable rate, not exceeding     3 years, (a) interim financing and (b) funding capitalized interest, if necessary.

The item passed with no opposition.