A Catalyst for Economic Development

The Louisiana Public Facilities Authority (LPFA) is a financing authority created in 1974 as a public trust and public corporation by the Public Facilities Corporation, a Louisiana corporation, pursuant to an indenture of trust. The State of Louisiana is the beneficiary of that trust. The LPFA has the ability to issue both taxable and tax-exempt bonds to finance everything from educational facilities to hospitals, student loans, industrial and economic development projects and essential programs for state and local governmental units. The LPFA is a self-supporting authority that operates solely on self-generated revenues. The LPFA has never received any tax or other appropriation from the State of Louisiana for its operations and has never requested such funds. LPFA’s operating expenses are covered through revenues generated by fees on bonds issued through the LPFA.

Purpose of the LPFA

The purpose of the LPFA is to promote, encourage and further the accomplishment of all activities which are or may become beneficial to the State of Louisiana and which have a public purpose, including – but not limited to – financing the following:

  • Industry and commerce to foster economic growth and stability
  • Health care and health care facilities Educational facilities and student loans
  • Projects protecting the people of Louisiana against air, water, noise, ground and other types of pollution
  • Public utility facilities and services
  • Projects that increase efficiency in operation of State and local governments
  • Public transportation facilities
  • Other activities or facilities which may be deemed a proper public function for the furtherance of the general welfare, health, safety, economic, environmental, governmental, educational, scientific, transportation, recreational, and cultural development of the State of Louisiana and its inhabitants