St. Landry Parish President Jessie Bellard, seated at the table, spoke for a $4 million loan at the State Bond Commission meeting on Thursday. Also at the table is Lela Folse, commission staff director. Speaker of the House Phillip DeVillier is in the inset at lower right in this still image captured from a video.
The State Bond Commission approved St. Landry Parish borrowing $4 million to pay past and current expenses at its meeting Thursday in Baton Rouge.
The amount is a reduction from $4.6 million requested at the commission’s August meeting.
The approval also is for the revenue notes to be paid in 12 months rather than 13 months.
The loan will be used to pay $1.2 million due in October from a p...
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