September 2, 2014

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Agency bonds bill for university projects signed

Eleven major construction projects at six state universities, including dormitory renovations, new student centers, and athletic facility improvements will soon be underway thanks to the quick passage of a bill that allows the schools to issue bonds for project financing – all at no cost to Kentucky taxpayers.

Gov. Steve Beshear, joined by a bipartisan group of legislative leaders and state university presidents, signed House Bill 7 into law today. The law authorizes $363.3 million in agency bonds by Kentucky’s public universities for campus improvements supported by university revenues, according to a news release from the governor's office.