Ohio State Wins Bond-Funded Tech Grants

Carvlin, Elizabeth
May 2003
Bond Buyer;5/29/2003, Vol. 344 Issue 31645, p35
Trade Publication
Ohio's governor Bob Taft announced on May 29, 2003 that Ohio State University is the first recipient of competitive grants that will be awarded for high-tech development in the state through the Third Frontier Project, a program designed to use tobacco settlement funds and up to 1.1 billion dollar of bond proceeds. The state designated tobacco settlement funds and economic development funds in the fiscal 2003 budget and the proposed 2004 budget to fund the capital portion of the program, according to Ann Husted, director of communications in the governor's office. In November, the state will place a measure on the ballot asking voters to authorize the sale of 500 million dollars of bonds to fund the third portion of the Third Frontier Project, Husted said. The state will issue the bonds to fund operating costs, which could include research positions related to the various projects.


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