EXECUTIVE ORDER
BJ 10-21

Gulf Opportunity Zone Advance Refunding Bond Allocation
Louisiana Local Government Environmental Facilities and Community Development Authority


WHEREAS,   PL 109-135, also known as the Gulf Opportunity Zone Act of 2005 (hereafter “the Act”), was enacted to provide tax incentives to assist in the recovery and rebuilding efforts in certain areas affected by Hurricanes Katrina, Rita, and Wilma, and requires the Governor of the State of Louisiana (hereafter “the State”) to designate any advance refunding bonds as bonds issued pursuant to Section 1400(N) of the Act;
WHEREAS,   the Louisiana Local Government Environmental Facilities and Community Development Authority, State of Louisiana (hereafter “the Issuer”) proposes to issue up to thirty million dollars ($30,000,000) of its Sales Tax Bonds, Series 2010D (hereafter “the Bonds”) for the purpose of advance refunding a portion of the Issuer’s outstanding Sales Tax Bonds, Series 1998, which would otherwise not be able to be refunded on a tax exempt basis; and
WHEREAS,   pursuant to the Act and Executive Order No. BJ 2008-16, issued on April 21, 2008, the Governor of the State of Louisiana is required to designate such Bonds as Advance Refunding Bonds under the Ceiling;
NOWTHEREFORE, I, BOBBY JINDAL, Governor of the State of Louisiana, by virtue of the authority vested by the Constitution and laws of the State of Louisiana, do hereby order and direct as follows:
SECTION 1:  The bond issue, as described in this Section, shall be and is hereby granted an allocation from the 2010 Ceiling as Advance Refunding Bonds in the amount shown:

Amount of Allocation

Name of Issuer

Name of Project

up to $30,000,000

Louisiana Local Government Environmental Facilities and Community Development Authority

Woman’s Hospital Foundation Project Sales Tax Bond, Series 20910D

SECTION 2:  The allocation granted herein shall be used only for the bond issue described in Section 1 of this Order.
SECTION 3:  The allocation granted herein shall be valid and in full force and effect through December 31, 2010.
SECTION 4:  All references in this Order to the singular shall include the plural, and all plural references shall include the singular.
SECTION 5:  This Order is effective upon signature and shall remain in effect until amended, modified, terminated, or rescinded by the Governor, or terminated by operation of law.
IN WITNESS WHEREOF, I have set my hand officially and caused to be affixed the Great Seal of Louisiana, at the Capitol, in the city of Baton Rouge, on this 16th day of December, 2010.

 

Bobby Jindal
Governor

ATTEST BY
THE GOVERNOR
Jay Dardenne
Secretary of State