Funding for Arkansas River dams in doubt as Oklahoma board requires further action

Tulsa World
BY WAYNE GREENE World Senior Writer
Thursday, February 02, 2012
2/2/2012 2:38:27 AM

OKLAHOMA CITY - State funding for a series of dams along the Arkansas River in the Tulsa area is again in doubt after a state board insisted last week that bond plans for the project be approved by the Legislature again.

The Legislature has approved $25 million in bonds for the project twice, and twice more has approved appropriations for the project, but the Oklahoma Council of Bond Oversight voted to approve the bond sale only if the Legislature passes a concurrent resolution acknowledging that not all the dam projects will be completed with the state money and that expected federal funding for the project wouldn't be forthcoming, State Bond Advisor Jim Joseph said.

Both of those points are challenged by dam supporters.

"The project has been endorsed by the Legislature on four occasions, and the projects never changed," River Parks Authority Chairman Ken Levit said... FULL ARTICLE

Posted on Thu, February 2, 2012 by John Cox

2 comments (Add your own)

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