Lawmakers' Wish List Runs Up Against Louisiana Debt Limit

DeSue, Tedra
May 2003
Bond Buyer;5/23/2003, Vol. 344 Issue 31642, p44
Trade Publication
Louisiana legislators have a list of about two billion dollars in capital projects they want to pay for with general obligation bonds, but officials say only about 75 million dollar in new debt will likely be available anytime soon because of the state's self-imposed debt limits. As legislators work through the list of prioritized projects, they will be receiving input about the state's debt limits from the commissioner of administration, Mark Drennan. State officials say only about 200 million dollar of the projects in the proposed capital outlay budget could be bond-funded during the 2004 fiscal year.


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