![Lafayette Gets Approval To Sell $23.5 Million In Bonds](http://townsquare.media/site/36/files/2013/12/Money-18-iStock.jpg?w=980&q=75)
Lafayette Gets Approval To Sell $23.5 Million In Bonds
LAFAYETTE, La. (AP) — The city of Lafayette has received State Bond Commission approval to sell $23.5 million in bonds to finance construction projects, but a bond sale may not be necessary at this time.
Dee Stanley, Lafayette Consolidated Government chief administrative officer, told The Advertiser there is money left over from a previous bond sale that may be used to fund one or more road construction projects if the City-Parish Council agrees to shift the money and reprioritize projects.
State Bond Commission action Thursday cleared the way for the city to sell Public Improvement Sales Tax Bonds, in one or more series. Interest on the bonds is not to exceed 6 percent and they would be paid off in at least 25 years.
More From News Talk 96.5 KPEL
![Louisiana’s Culinary Gems: Specialty Meats Revealed](http://townsquare.media/site/36/files/2010/12/Meat-Getty.jpg?w=980&q=75)
![Acadiana Single Mom Gifted Car By Lafayette Non Profit](http://townsquare.media/site/36/files/2024/07/attachment-Untitled-design-161.jpg?w=980&q=75)
![Lafayette Parish Sheriff’s Deputies Shoot and Kill Suspect in Carencro While Executing Warrant](http://townsquare.media/site/33/files/2021/01/RS4082_160324707.jpg?w=980&q=75)
![We Asked AI What It Thinks a Cajun Summer Vacation Looks Like in Louisiana](http://townsquare.media/site/36/files/2024/07/attachment-Cajun-Beach-House-1.jpg?w=980&q=75)
![I-10 Exit/Entrance Ramp at Ambassador Caffery to Close for Improvements](http://townsquare.media/site/36/files/2024/06/attachment-Screen-Shot-2024-06-12-at-8.07.26-AM.jpg?w=980&q=75)
![Lafayette Man Arrested for Stealing Over $500K From Infirmed Person](http://townsquare.media/site/36/files/2024/07/attachment-Untitled-design.jpg?w=980&q=75)
![Lafayette, Louisiana Road Closing for Next Two Weeks Due to Drainage Construction](http://townsquare.media/site/34/files/2018/05/road-closed-sign-Thinkstock-photo1-300x200.jpg?w=980&q=75)
![More Work on I-10 Exit/Entrance Ramp in Lafayette](http://townsquare.media/site/36/files/2024/06/attachment-Screen-Shot-2024-06-12-at-8.07.26-AM.jpg?w=980&q=75)
![2 Louisiana Men Busted With Over $1 Million in ‘High-Grade’ Marijuana](http://townsquare.media/site/36/files/2024/07/attachment-Lafayette-Police-Department-Drug-Bust-7-3-24.jpg?w=980&q=75)