A million-dollar utility infrastructure loan for a Rapides Parish town is on the agenda for the State Bond Commission’s Thursday morning meeting.

The commission will convene at 8 a.m. in Senate Committee Room A-B at the State Capitol to consider local financing requests, including a major sewer consolidation effort in the Town of Woodworth.

Woodworth officials are seeking final approval to issue up to $1.1 million in utility revenue bonds. The proposed financing carries a low interest rate capped at 0.5% with a maturity term not to exceed 20 years.

The borrowed funds are designated for the design, acquisition, construction, renovation and equipping of improvements tied to the town’s water sector sewer consolidation project.