Arkansas Eyes $1.3B For Highways

March 2005
Bond Buyer;3/24/2005, Vol. 351 Issue 32097, p1
Trade Publication
The article reports that Arkansas lawmakers will weigh in for the first time in March 2005 on proposed legislation that would allow the state highway department to issue up to $985 million of revenue bonds to finance the majority of a $1.3 billion road improvement program. According to the bill, the remainder of the $ 1.3 billion program would be financed with interest generated by bond proceeds. The program also includes using federal funding to pay for some improvements. If the program makes it through the General Assembly and is signed by Governor Mike Huckahee, it will appear on the state's November 2005 ballot.


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