Bond commissions blocks banks from $600 million project

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The Louisiana Bond Commission votes to block two of the nation’s top banks from getting involved in a $600 million road plan.

In a 7-6 vote, the commission denied Bank of America and Citigroup from participating in the projects.

Earlier this year Citigroup announced it will end relationships with businesses that sell firearms to people who haven’t passed a background check or anyone under the age of 21, among other restrictions. Bank of America said it will stop doing business with certain gun manufacturers.

The move to block the banks were led by Attorney General Jeff Landry and State Treasurer John Schroder.

“I personally believe the policies of these banks are an infringement on the rights of Louisiana citizens,” said Treasurer Schroder. “As a veteran and former member of law enforcement, I take the Second Amendment very seriously.

Part of the $600 million project includes a new exit from Interstate 20 into Barksdale Air Force Base.

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