EXECUTIVE ORDER KBB 07-23

Bond Allocation—Parish of Desoto, State of Louisiana
Amend Executive Order No. KBB 2007-16


WHEREAS, Executive Order No. KBB 2007-16, issued on July 19, 2007, granted a private activity bond allocation from the 2007 private activity bond volume limit to the parish of DeSoto to be used to finance the acquisition, construction, and equipping of ceratin sewage and solid waste disposal facilities at International Paper Company’s paper mill located at 1202 Highway 509, city of Mansfield, parish of DeSoto, state of Louisiana, in accordance with the requirements of Section 146 of the Internal Revenue Code of 1986, as amended; and

WHEREAS, it is necessary to amend Executive Order No. KBB 2007-16 in order to extend the time period in which the bonds may be delivered to initial purchasers;

NOW THEREFORE I, KATHLEEN BABINEAUX BLANCO, Governor of the state of Louisiana, by virtue of the authority vested by the Constitution and laws of the state of Louisiana, do hereby order and direct as follows:

SECTION 1: Section 3 of Executive Order No. KBB 2007-16, issued on July 19, 2007, is hereby amended to provide as follows:

The granted allocation shall be valid and in full force and effect through December 31, 2007, provided that such bonds are delivered to the initial purchasers thereof on or before December 29, 2007.

 SECTION 2: All other sections of Executive Order No. KBB 2007-16 shall remain in full force and effect.

SECTION 3: The provisions of this Order are effective upon signature.

IN WITNESS WHEREOF, I have set my hand officially and caused to be affixed the Great Seal of Louisiana, at the Capitol, in the city of Baton Rouge, on this 2nd day of October, 2007.

   Kathleen Babineaux Blanco
Governor

 

ATTEST BY
THE GOVERNOR
Jay Dardenne
Secretary of State