Houma Courier: Council OKs bond plan for oil revenue

The Lafourche Parish Council approved a plan to bond out $12.5 million in federal oil revenue tonight in an effort to speed up local projects.
The council unanimously voted to move forward with plans to issue $12.5 million worth of bonds with Wells Fargo using its share of the federal Gulf of Mexico Energy and Security Act revenue.
The proposal was recommended by the parish’s apparent financial advisor Jim Ryan, a contracted position Councilwoman Luci Sposito said she didn’t know existed.

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