A multi-thousand-dollar infrastructure improvement loan for an Avoyelles Parish municipality is up for consideration by the State Bond Commission during its Thursday morning meeting.

The commission will meet at 8 a.m. in Senate Committee Room A-B at the State Capitol to review local government requests, including a significant waterworks project in the Town of Evergreen.

Evergreen officials are seeking approval to issue a promissory note not to exceed $190,000. The borrowed funds carry an interest rate capped at 6% with a maturity term of no more than 10 years.

According to the commission’s agenda, the town plans to use the capital to fund the design, construction and acquisition of improvements, extensions and replacements for its waterworks system, including necessary equipment and fixtures.

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