The LPFA has funded $1,312,000 million to assist with programs, in 2022; saving them more than $253,578 in future interest payments.
The borrowing entities are as follows:
St. Helena Parish, Fire Protection District No. 4 borrowed $750,000 to acquire, construct and improve fire protection facilities, to purchase equipment for fire protection and emergency and rescue purposes in the District. The LPFA provided $187,000 at half the market rate of interest, saving $35,115 in future interest payments. Delivered: March 24, 2022
Acadia Parish, Sales Tax District No. 2 borrowed $1,600,000 to construct, maintain and improve public streets in the District. The LPFA provided $400,000 at half the market rate of interest, saving $40,189 in future interest payments. Delivered: June 29, 2022
DeSoto Parish, Waterworks District No. 1 borrowed $2,000,000 to construct and acquire improvements and replacements for the district’s drinking water system. The LPFA provided $500,000 at half the market rate of interest, saving $124,268 in future interest payments. Delivered: July 27, 2022
Town of Cottonport, Water Revenue Bonds borrowed $600,000 to construct, acquire improvements, extensions and replacements to the Town’s waterworks system. The LPFA provided $150,000 at half the market rate of interest, saving $33,873 in future interest payments. Delivered: August 1, 2022
Village of Loreauville borrowed $300,000 to construct, acquire, purchase equipment and improve the Village’s fire protection facilities. The LPFA provided $75,000 at half the market rate of interest, saving $17,996 in future interest payments. Delivered: August 4, 2022