The $71 million package is part of a budget deal that allowed legislators to use $101.7 million earmarked for the state Transportation Department for other purposes to help balance this fiscal year's budget.
NewOK
BY MICHAEL MCNUTT mmcnutt@opubco.com
Published: December 9, 2011
The state Transportation Department won approval Thursday to proceed with a $71 million bond issue that keeps its eight-year road and bridge construction-and-maintenance plan on track.
The proposal, which was a key negotiating part of this fiscal year's state budget, stumbled briefly in the Legislature earlier this year. It won unanimous approval Thursday from the state Council of Bond Oversight.
The bond issue now goes for final approval to the Oklahoma Capitol Improvement Authority, the primary issuer of capital project bond issues for the state. The authority is scheduled to meet Monday.
Bonds should be sold in January... FULL ARTICLE
Posted on
Fri, December 9, 2011
by John Cox