Salina, KS

Now: 38 °

Currently: Cloudy / Windy

Hi: 38 ° | Lo: 24 °

Kansas Legislators Move to Gain More Control over State Debt

KSAL StaffMarch 21, 2016

The Kansas House has approved a bill to give lawmakers more control over the state’s use of debt to finance big building projects.

The House’s 114-8 vote Monday sends the measure to the Senate. Lawmakers are considering it after the University of Kansas and Gov. Sam Brownback’s administration pursued projects without prior legislative approval.

The bill would require the full Legislature to authorize bonds, borrowing against the state’s credit or other debt for projects costing $25 million or more. The governor and legislative leaders would have to approve smaller projects.

A nonprofit corporation affiliated with the University of Kansas went to a Wisconsin agency for $327 million in bonds for campus improvements. Brownback’s administration pursued but canceled a $20 million plan for a new power plant near the Statehouse.

Copyright © Rocking M Media, 2018. All Rights Reserved. No part of this story may be reproduced without Rocking M Media’s express consent.

CATEGORIES :

COMMENTS

RELATED POSTS

Fort Hays State University could be generating electricity from wind turbines in the next few weeks

Fort Hays State Gets $1.2 Million Gift

December 13, 2017 4:25 am

Changes Coming For Kansas License Buyers

December 2, 2017 10:15 am

STAY IN TOUCH!

GET OUR APP!

LATEST POSTS

Salina Man Arrested for F...
January 22, 2018Comments
No Bomb Found after Threa...
January 22, 2018Comments
I-70 Drug Arrest near Sal...
January 22, 2018Comments
Smoky Hill Museum to Cele...
January 22, 2018Comments

LATEST TWEETS

Read all tweets
© 2007 - 2018