Louisiana Board Approves $287M in GO Zone Debt

DeSue, Tedra
May 2006
Bond Buyer;5/19/2006, Vol. 356 Issue 32385, p3
Trade Publication
The article reports on the approval of $287 million of debt by Louisiana State Bond Commission to help the hurricane recovery effort. The debt will be issued under 2005 federal Gulf Opportunity (GO) Zone Law. At its meeting, the bond commission gave preliminary approval to as much as $165 million of GO Zone bonds for International-Matex Tank Terminals so that the company can build a liquid logistics center in Geismar. The Ascension Parish Industrial Development Board would issue the bonds for the project. A $50 million request from the Louisiana Public Facilities Authority (LPFA) to make improvements at Loyola University was also approved. A request by the LPFA to issue $144 million of revenue bonds for a GCGK Investments LLC project received final approval.


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