About

The LCDA was created originally by Act 813 of 1991 (R.S. 33:4548.1, et seq.); was patterned after a similar authority in Georgia; and was enacted to allow participating political subdivisions to finance environmental projects (i.e. wastewater, drinking water, and solid waste facilities).

Due to tremendous need for financial assistance, coupled with decreases in federal and state funds available for financing local government projects, the Louisiana Municipal Association Executive Board endorsed amendments to the LCDA in 1997. These amendments, contained in Act 1151 of 1997, expanded the potential membership to include school boards and special districts in addition to municipalities and parishes; included economic development, industrial development, and public infrastructure projects within the list of authorized projects; and authorized the creation of an Executive Committee to operationalize the LCDA.

The LCDA has issued over $18 billion in bonds for local governments, non-profits, and private activity entities since its inception. Issues have assisted in financing storm recovery, coastal protection, town halls, sewer improvements, public infrastructure, student housing, and all sorts of economic development. 

Because the LCDA Executive Committee and Board of Directors are made up of local governmental representatives, our most important role is to act as a sounding board for local governments exploring their short and long-term financing options. In some instances, the LCDA may not be the best issuer for your financing needs, but we are always able to help you evaluate ALL your financing alternatives.