State Bond Commission

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Deadline: July 18, 2025 2:00 pm CT

The State Bond Commission was created to centralize and administer the incurring of state and local debt. 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.

Bond Commission Live Meeting

Meet The Staff

Lela Folse, Director

225-342-0040

Committee Members

Chairman - Treasurer John Fleming, MD

Governor Jeff Landry

Lieutenant Governor Billy Nungesser

Attorney General Liz Murrill

Secretary of State Nancy Landry

Senate President Cameron Henry

House Speaker Phillip DeVillier

Senator Glen Womack

Senator Franklin J. Foil

Senator John C. "Jay" Morris III

Representative Jack G. McFarland

Representative Julie Emerson

Representative Tony Bacala

Commissioner Taylor F. Barras

Apply to State Bond Commission

Meeting Documents

Helpful Links:

Bond Commission Meetings

Bond/CEA Validation Suits

Cameron Parish Policy Jury vs. All Taxpayers Property Owners, Citizens of the Parish of Cameron, State of Louisiana and Non-Residents Owning Property or Subject to Taxation Therein, and All Other Persons Interested in Or Affected in Any Way by the Subject Matter of the Motion for Judgement, Number 10-19791, 38th Judicial District Court, Parish of Cameron, State of Louisiana
Henry W. Kinney vs The BioDistrict New Orleans, Motion for Judgement, Number 2023:13361, Civil District Court for the Parish of Orleans, State of Louisiana.

All meetings are held at 10:00 a.m. (8:00 a.m. during Legislative Session) in Senate Committee Room A-B unless posted otherwise.

Note: The deadline for applications to be placed on agenda is set twenty (20) working days prior to the Meeting date in accordance with the Rules and Regulations of the State Bond Commission. Applications received after a scheduled deadline date for any monthly meeting will be considered as current of the next deadline date. A deadline date may be waived only with permission of the Director/Secretary of the Commission.

*Dates are subject to change by the Legislature. 2025 and 2026 Election Dates are as of April 2020 and February 2024, respectively.

**Dates are subject to change due to proclaimed holiday.

FAQ’s & Resources

Why did I get this 1099-G?

According to the IRS, the Louisiana Main Street Recovery Program is required to report to the IRS the amounts paid to individuals and small businesses using form 1099-G. https://www.irs.gov/newsroom/cares-act-coronavirus-relief-fund-frequently-asked-questions The program does not offer legal or tax advice to grant recipients. The 1099-G form is informational. It serves to let you as the recipient of grant money know that the State of Louisiana will report this amount to the I.R.S.
Is the grant money I received from the MSRP taxable?

Consult your tax advisor regarding your business’s tax obligations concerning this grant. You can also review the Louisiana Department of Revenue's guidance: https://revenue.louisiana.gov/NewsAndPublications/NewsReleaseDetails/12496
What should I do if my information (FEIN/SSN, business name, or other information) is showing incorrectly on the 1099-G form)?"

If your tax identification number, business name or other information is incorrect on the form 1099-G, contact the MSRP in writing via email with your correct information, including an IRS Form W-9 (signed). That form can be downloaded from https://www.irs.gov/pub/irs-pdf/fw9.pdf. If applicable, the MSRP will issue a corrected 1099-G. Email address: MSRP@treasury.la.gov
My business is a corporation that is exempt from 1099s. Why did you send one to my business?

Certain corporations may be exempt from 1099 reporting. Additionally, amounts under $600 may also be exempt according to IRS rules on 1099 reporting. However, the Department of Treasury elected to report all amounts issued to all individual applicants (sole proprietors) and to businesses in order to ensure completeness and fairness in reporting.
Is the SBA EIDL advance and loan proceeds also going to send a 1099?

The Louisiana Department of Treasury cannot advise on the taxability of other government programs.
Am I going to get a 1099 for the PPP (Paycheck Protection Program) funds that my business received?

The Louisiana Department of Treasury cannot advise on the taxability of other government programs.
How can a grant from the state be considered as reportable income to me or my business?

Treasurer Schroder has asked this question of many tax experts and government officials since, by law, this was an expense reimbursement program. The IRS instructions on form 1099-G says this: Box 6. Taxable Grants (Excerpt) Report amounts of other taxable grants of $600 or more. State and local grants are ordinarily taxable for federal income purposes. A federal grant is ordinarily taxable unless stated otherwise in the legislation authorizing the grant. The Section 5001 of the Federal CARES Act which funded this program did not specifically exempt grantees from taxation. More information can be found at https://home.treasury.gov/policy-issues/cares/state-and-local-governments