Collges Revise Wish List for $250 Million Bond Proposal

SEPTEMBER 6, 2006 - Posted at 7:46 a.m. CDT

LITTLE ROCK, AR - Arkansas' college and university leaders have come up with a slate of projects that would be funded by a bond package, if voters approve it in November.

The Arkansas Higher Education Coordinating Board on Friday will vote on a slate of projects that would be funded by $150 million of a $250 million package.

Most of the money will go toward classroom space and technology improvements.

If approved, the higher education proposal would allow the state to restructure $100 million in higher education debt authorized in the 1980s and issue $150 million in new debt for infrastructure and technology projects at state colleges and universities.

(Copyright 2006 by The Associated Press.  All Rights Reserved.)