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$10 million slated for improvements
Ouachita Parish Schools has identified improvements it would like to tackle with some $10 million in Qualified School Construction bonds it sold in October.
The school board agreed to sell $10 million in bonds to access a federal stimulus loan that allowed for the debt to be paid back at zero percent interest. The $10 million bond sale will finance construction projects in western Ouachita Parish.
The $10 million will be spent on parish schools in western Ouachita because the school board will use the sales tax levied by the school system in western Ouachita to pay off the bonded indebtedness.
For the full report, including a listing of affected schools and their planned projects, see Page 1A of this week's Citizen.
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