State Bond Commission

Overview:

The State Bond Commission receives applications from parishes, municipalities, special taxing districts, and other political subdivisions of the State requesting authority to incur debt or levy taxes. These applications are reviewed for compliance with Constitutional and statutory requirements and feasibility, including the ability to repay any indebtedness incurred.

If the applications are in order, they are placed on an agenda for consideration by the State Bond Commission at a regular or special meeting. At the meeting the State Bond Commission either approves or disapproves the application or defers action on the application for further discussion.