Legislative Leaders Agree On Bond Issue
From http://www.newsok.com/ ~ Legislative leaders have reached a tentative agreement today on a bond issue that will involve three separate proposals totaling $475 million.
The biggest proposal involves a $300 million bond issue for the state's roads and bridges.
Another proposal involves $100 million to fund endowed chairs for the state's share to match private donations given to universities. Some future restrictions are expected to be included in the package.
A third proposal totals $75 million — $25 million each for the American Indian Museum and Cultural Center, being built in Oklahoma City; bridge and dam improvements on the Arkansas River; and flood control measures for the state Conservation Commission.
The agreement should ensure that the Legislature will be able to make its goal of adjourning the 2008 legislative session by 5 p.m. Friday.
The biggest proposal involves a $300 million bond issue for the state's roads and bridges.
Another proposal involves $100 million to fund endowed chairs for the state's share to match private donations given to universities. Some future restrictions are expected to be included in the package.
A third proposal totals $75 million — $25 million each for the American Indian Museum and Cultural Center, being built in Oklahoma City; bridge and dam improvements on the Arkansas River; and flood control measures for the state Conservation Commission.
The agreement should ensure that the Legislature will be able to make its goal of adjourning the 2008 legislative session by 5 p.m. Friday.
Labels: State Bond Issue
posted by Mike McCarville @ 11:41 AM
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