State Bond Commission

Latest News
12:35 pm
Fri December 21, 2012

Commission OKs $400M Superdome Bond Restructuring

The State Bond Commission has approved a $400 million restructuring of a troubled bond deal that helped rebuild and upgrade the Superdome after Hurricane Katrina.

The Times-Picayune reports that it includes paying off the $238 million in bonds the state bought in 2008 to get the Louisiana Stadium and Exposition District out of debt, and fees to resolve litigation with Merrill Lynch.

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Convention Center
9:31 am
Fri September 21, 2012

Convention center to refinance bonds

The authority that oversees the Ernest N. Morial Convention Center will be able to save at least $6 million in interest costs on its outstanding bonds based on action taken by the State Bond Commission.

The Times-Picayune reports the commission on Thursday approved without objection the issuance of $75 million in refunding bonds for the Convention Center.