EXECUTIVE ORDER
BJ 11-26

Qualified Energy Conservation Bond Allocation--Louisiana Department of Public Safety
and Corrections--Corrections Services


WHEREAS,   Federal law established volume cap authorization for Qualified Energy Conservation Bonds (“QECB”) that may be issued by each state, of which the State of Louisiana (the “State”) was granted a maximum allocation in the amount of $45,759,000.00; and
WHEREAS,   the State was granted a direct QECB allocation of $17,282,462.00, and an indirect QECB allocation of $28,476,538.00 to sub-allocate to qualified large local governmental entities. The State allocated $28,476,538.00 to qualified large local governmental entities, of which $20,986,830 was returned to the State for allocation, resulting in a total State QECB allocation of $38,269,292; and
WHEREAS,   none of the QECB volume cap allocation granted to the State has been previously utilized by any political subdivision or governmental agency within the State; and
WHEREAS,   the Louisiana Department of Public Safety and Corrections-Corrections Services (“LADOC”) has requested and applied for an allocation of the available QECB authority granted to the State, in the amount not to exceed Thirty One Million Dollars ($31,000,000), to undertake a QECB qualifying project to install capital improvements and upgrades at various facilities throughout the State; and
WHEREAS,   the State was granted a direct QECB allocation of $17,282,462.00, and an indirect QECB allocation of $28,476,538.00 to sub-allocate to qualified large local governmental entities. The State allocated $28,476,538.00 to qualified large local governmental entities, of which $20,986,830 was returned to the State for allocation, resulting in a total State QECB allocation of $38,269,292; and
WHEREAS,   LADOC shall undertake the project through financing secured and facilitated by the Louisiana Local Government Environmental Facilities and Community Development Authority.
NOW THEREFORE, I, BOBBY JINDAL, Governor of the State of Louisiana, by virtue of the authority vested in me by the Constitution and Laws of the State of Louisiana, do hereby order and direct as follows:
SECTION 1:  The issuer, as described in this Section, shall be and is hereby granted an allocation of the available Qualified Energy Conservation Bond volume cap authorization issued to the State of Louisiana, to be utilized on behalf of and for the benefit of LADOC, in the amount shown below:

Amount of Allocation

Name of Issuer

Name of Project

$30,600,000.00

Louisiana Local Government
Environmental Facilities
and Community
Development Authority

Louisiana Department of Public Safety and Corrections--Corrections Services
Energy Project

SECTION 2:  The allocation granted herein shall be used only for the bond issue described in Section 1 and for the general purpose set forth in the application and “Qualified Energy Conservation Bond Allocation Request” submitted by LADOC in connection with the bond issue described in Section 1.
SECTION 3:  The allocation granted herein shall be valid in full force and effect through January 31, 2012, provided that said bonds are delivered to the initial purchasers thereof on or before December 31, 2011.
SECTION 4:  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 20th day of December, 2011.

Bobby Jindal
Governor

ATTEST BY
THE GOVERNOR
Tom Schedler
Secretary of State