Printer Friendly
Email to a Friend
Road Bonding Bill Advances in Nebraska Legislature
(AP) - A bill that would allow bond financing for Nebraska road projects is headed to a final vote, despite objections from lawmakers who prefer the current pay-as-you-go system.
The legislation cleared a second-round vote on Tuesday. Sen. Annette Dubas of Fullerton, chairwoman of the Transportation and Telecommunications Committee, says she introduced it to accelerate work on long-delayed projects.
The measure would allow Nebraska to issue up to $200 million in bonds at a maximum, fixed interest rate of 5 percent. No bonds could be issued after June 30, 2017.
Despite the vote, several senators remained opposed to the bill and argued that the state should remain debt-free when paying for roads projects.
© Associated Press
MOST VIEWED STORIES
Horton man arrested following weekend shooting
Hiawatha man facing sex, drug charges waives prelim hearing
Morrill pair arrested on drug, child endangerment charges
Two arrested Thursday in Jackson Co on meth-related charges
Falls City man sentenced to Federal Prison
Jackson Co traffic stop leads to arrest
Inmate dies at Lansing Correctional Facility
Early Thursday storms leave damage, outages, locally
One held for past Atchison shooting
Ground Broken for new Sac and Fox Trad'n Post
MO grass fire battled Thursday
Mound City Mayor Duane Nauman remembered
Community Healthcare System hires new CEO
Brown Co Planning Commission established
Falls City School Board approves personnel moves and purchases
Valley Falls' future set for Wednesday eve discussion
PBPN breaks ground for new business
LATEST STORIES
Friday afternoon: Avoid Hwy 16 west of Holton
90 mph+ downburst winds blamed for Thursday damage
Morrill pair arrested on drug, child endangerment charges
Rates to increase at Brown Co landfill
NOAA weather radio event set in Seneca
Falls City man sentenced to Federal Prison
Hiawatha, Ks 66434