Arkansas Bill Would Extend Garvee Authorization Indefinitely

Albanese, Elizabeth
February 2005
Bond Buyer;2/25/2005, Vol. 351 Issue 32078, p3
Trade Publication
This article reports that the Arkansas Senate is scheduled today to entertain a bill that would allow transportation officials to extend the lifespan of a 1999 highway bond program worth $575 million. SB 430, written by Senator Gilbert Baker, Republican-Conway, will make its way to the Senate floor after winning approval from the Public Transportation Committee. If the bill ultimately is approved by the General Assembly, the measure would be put on the November statewide ballot. Under Baker's proposal, as additional capacity is freed up in the Garvee program, additional debt could be issued to continue the state's work on its interstate highways.


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