December 1, 2005--Posted at 6:30 p.m. CDT
"It is a bond issue for the purpose of keeping interstates repaired and rebuilt," said Arkansas Highway Commissioner John E. Regenold.
With Interstates 55, 40, 30 and 540 in the state having quality roadways is crucial to the local economy.
"If you don't have interstates and repaired interstates you won't get economic development," said Regenold.
But the measure does have its opponents. The Arkansas Trucking Association is against the proposal. Trucking Association President Lane Kidd says the program is irresponsible. He says it would give five unelected highway commissioners a revolving credit card and a 575 million dollar credit line to use at their will.
"The money from these higher education bonds will be used to maintain our facilities and some cases some institutions are proposing new buildings on their campuses," said Arkansas Northeastern College President Dr. Robin Myers.
"It is very critical that we enable our universities to be on the cutting edge of technology," said Myers.
One program that will be implemented if these bonds are passed is the E-corridor.
"It's a version of the internet that is 1000's of times faster and it is the common mode used by researchers across the country," said Myers.