University of Arkansas approves bond issues - KAIT Jonesboro, AR - Region 8 News, weather, sports

University of Arkansas approves bond issues

Little Rock, AR (AP) - University of Arkansas trustees are moving ahead with two major bond issues:  $59.1 million for the Fayetteville campus and $34.1 million for the Little Rock campus.

The projects largely involve renovations and additions to buildings on the two campuses, including the construction of a new nanotechnology center in Little Rock.

The University of Arkansas at Little Rock received final authorization to issue the bonds from the trustees on Friday, meaning UALR can move forward with the bond sale and construction work immediately.

The trustees approved only an intent to sell resolution for the University of Arkansas at Fayetteville. School administrators will need to return and seek final authorization from the trustees for each individual project before moving forward.

Information from: Arkansas Democrat-Gazette, http://www.arkansasonline.com

(Copyright 2009 by The Associated Press. All Rights Reserved.)

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