U.S. Senator Mary Landrieu, D-La., today announced that the U.S. Department of the Treasury has awarded more than $244 million in qualified school construction bonds to Louisiana schools under the American Recovery and Reinvestment Act of 2009 (ARRA) or the stimulus. The bonds can be used to finance the construction, rehabilitation or repair of a public school facility. They may also be used to acquire land for school construction or expansion.
The 2010 allocations for Louisiana include $140.5 million for the State; $20.7 million for the Caddo Parish School Board; $21.7 million for the East Baton Rouge Parish School Board; $21.9 million for the Jefferson Parish School Board; and $40 million for the Orleans Parish School Board.
“In Louisiana, we take great pride in the tremendous progress being shown by our students and educators. We suffered a devastating blow after Hurricanes Katrina and Rita and since then we have taken great strides to literally rebuild a stronger system,” said Sen. Landrieu.
Qualified school construction bonds help state and local governments obtain low-cost financing for public school improvements and construction. Investors who purchase these bonds receive federal income tax credits at prescribed tax credit rates in lieu of interest, thereby allowing state and local governments to purchase bonds without incurring interest costs.
I don't really expect much from the GOP, simply far less spending than we're getting now. Massive debt does not bring prosperity - as Greece is discovering. For the life of me, why this is surprising to anyone with any shred of intelligence escapes me. Written by kpf
on 3/22/2010
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Kp, GOP, Dems, Indies, Teabuggers, or spotted kangaroos taking over or jumping around in the house ain't going to change a damned thing.... Bend over, grab your ankles, and grin...... Cause Momma, Momma it's comming hooooooooommmmmmmmeeee,,it's comming hoooooooooooo-oooooooooooo-ooooommmmmmeeeee.... Written by
on 3/22/2010
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As long as we measure the "effectiveness" of our politicians by how much money we can soak other states for, our country will continue to spiral downward. That's okay, once the GOP takes over the House and Senate, we'll see how "effective" Mary Landrieu will be. Written by kpf
on 3/19/2010
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The Happiest Days of our Lives (Waters) - 1:20 - When we grew up and went to school - There were certain teachers who - would Hurt the children in any way they could - "OOF!" [someone being hit] - By pouring their derision upon anything we did - And exposing every weakness however carefully hidden by the kids... But in the town, it was well known when they got home at night, their fat and Psychopathic wives would thrash them within inches of their lives............. Mother (Waters) - 5:32 - Mother do you think they'll drop the bomb? - Mother do you think they'll like this song?.... Mother do you think they'll try to break my balls? - Mother should I build the wall?......... Mother should I run for president? - - Mother should I trust the government?.... Mother will they put me in the firing line?.... Mother am I really dying?
Written by
on 3/19/2010
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Senator Landrieu continues to demonstrate her effectiveness for Louisiana while David Vitter continues to demonstrate his ineffectiveness. Written by David Quidd
on 3/19/2010
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What strings are attached? I know there are strings, there are always strings attached to these gifts from the wonderful father Government! Written by CN
on 3/18/2010
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This may help build a few new buildings, that is usnless Orleans politicians steals the majority of it, but in the long run,we are losing control of the education system in the State. Anytime the Federal Government sends money they are going to take more control. Landrieu is helping the Federal Government take over State Government. The States are going to have to take back their States Rights or we are going to become another Socialistic country. Written by
on 3/18/2010
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----They may also be used to acquire land for school construction or expansion----..... A fairly large percentage of those funds should be directed towards that topic.... And of course, couple that with the seeking of construction alternatives that can provide more classrooms that are more durable and safer at a lower cost..... Perhaps even 'modular' in nature to a certain extent so that optimal use advantage can be realized and if needed, they can be repositioned to another area of logistics and still maintain a cost savings advantage... This can be something that would 'leverage' a better future outlook for education.... Written by
on 3/18/2010
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