LCTCS Facilities Corporation
The LCTCS Facilities Corporation (Corporation) is a Louisiana private non-profit public corporation validly existing and in good standing under the laws of the State of Louisiana created for the purpose of administration, financing, planning, acquisition, expansion and construction of quality facilities for the benefit of students of the Louisiana Community and Technical College System (“LCTCS”).
The Corporation’s property interest in the projects it develops is that it holds a ground lease of the property from the State. It will construct the facility and lease the ground and facility to the LCTCS for use in providing needed workforce development. The only property interest in the project that any party contracting with the Corporation is the contract for their services. The Corporation is not aware of any contractor receiving any additional benefits from the projects.
The Corporation’s board of directors consists of civic leaders from geographic areas across the state, who generously volunteer their time to represent the interest of the LCTCS, its colleges and the State of Louisiana in providing oversight and accountability for building programs authorized by the Louisiana Legislature. CSRS, Inc. is the contracted Program Manager chosen by a competitive Request for Qualifications providing construction management services for the Act 391 and Act 360 projects. United Professionals Company, L.L.C. (UPC) is the contracted Program Administrator chosen by a competitive Request for Qualifications providing administration services for the Act 391 and Act 360 projects.
LCTCS Facilities Corporation Board of Directors
Stephen C. Smith Board Chair
Honorable Lambert Boissiere
Honorable Billy Montgomery
Judge U. Gene Thibodeaux
LCTCS Facilities Corporation Financing Team
Issuer: Louisiana Local Government Environmental Facilities & Community Development Authority
Financial Adviser: Sisung Securities Corporation
Bond Counsel: Jones, Walker, Waecheter, Poitevent, Carrere & Denegre, L.L.P.
Corporate Counsel: Breazeale, Sachse, & Wilson, L.L.P.
Trustee: Whitney Bank
Underwriters: Raymond James & Associates, Inc.; Citigroup Global Markets Inc., J.P. Morgan Securities LLC; Stephens, Inc
Submit a Records Request
Records requests should be submitted in writing to the LCTCS Facilities Corporation. All requests will be reviewed in accordance with Louisiana’s Records Law (LSA-R.S. 44:1 et seq.).
Complete all information in the fields provided. If you have any questions, please call (504) 544-7700 for assistance.
Act 391 and 360 Programs Update
Facilities Corporation Board Meeting Minutes