Terrebonne Levee and Conservation, La., plans $89.87 million offering

By Sheri Kasprzak

New York, June 4 - The Terrebonne Levee and Conservation District of Louisiana is set to sell $89,865,000 of series 2013 public improvement sales tax bonds, according to a preliminary official statement.

The bonds (/A+/A) will be sold on a negotiated basis with Raymond James/Morgan Keegan as the lead manager.

The bonds are due 2014 to 2038.

Proceeds will be used to provide hurricane risk reduction projects for Terrebonne Parish, including Morganza to the Gulf of Mexico or other flood protection improvements approved by the Louisiana Coastal Protection and Restoration Authority.

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