Neb. senators will debate bond-financing for roads

By: AP
By: AP

Lincoln, NE (AP) - A bill that would allow Nebraska to issue bonds to pay for road projects has advanced out of a legislative committee.
The Revenue Committee on Friday approved a scaled-down version of the proposal for debate in the full Legislature. The measure would allow Nebraska to borrow up to $200 million, half the amount originally proposed.

Committee members proposed a requirement for a fixed, 5 percent interest rate. They also recommended that the borrowing take place in the next three years, while interest rates are low.

Sen. Annette Dubas of Fullerton says she introduced the bill to quicken the pace of projects that have faced years of delay. Nebraska cities and counties already rely on bond funding to pay for projects, as do 48 other states.


The bill is LB1092

Copyright 2014 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.

Comments are posted from viewers like you and do not always reflect the views of this station.
powered by Disqus
KGWN-TV 2923 E. Lincolnway Cheyenne, Wyoming 82001 307-634-7755 KSTF-TV 3385 N. 10th Street Gering, Nebraska 69341 308-632-7535
Gray Television, Inc. - Copyright © 2002-2014 - Designed by Gray Digital Media - Powered by Clickability 246679911 -