Possible $15 million bond used for FEMA repayments, improvement projects

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wwltv.com

Posted on March 7, 2012 at 9:29 AM

WWLTV.com
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ST. BERNARD PARISH, La. - A $15 million bond was given initial approval by the St. Bernard Parish Council.

The move allows the state bond commission to decide on the bond at its meeting in April.

Largely the funds would go towards money either owed to FEMA or for capitol improvement projects that went over budget.

The proposed 20 year bond could have at most a six percent interest, which would bring in $900,000 a year.

The parish council could adopt the bond ordinance as early as mid-May and receive the bonds in June.

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