Game and Fish eager to pay off high-interest bond - KAIT Jonesboro, AR - Region 8 News, weather, sports

Game and Fish eager to pay off high-interest bond

LITTLE ROCK, Ark. (AP) - The Arkansas Game and Fish Commission still hasn't spent most of the $32 million it has picked up by assigning natural gas drilling rights on land it manages. The agency has about $29 million in the bank, and it has earned about $1.5 million in interest on the sum.

About $14 million will remain in the bank until 2014, which is the earliest date that the commission can pay off a bond issue it used for land acquisition.

The commission is paying $764,000 per year in interest on that bond. The agency says it is moving out of a land acquisition phase and into a period of spending to improve facilities on Game and Fish Commission land.

(Copyright 2010 by The Associated Press. All Rights Reserved.)

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