Tagged: university bonding projects

Six Kentucky's public universities can immediately start construction on more than $300 million in construction or renovation projects, including a $110-million renovation of Lexington's Commonwealth Stadium.

Governor Steve Beshear signed House Bill 7 into law on Thursday.

The bill authorizes bonds and other funds to help build academic buildings, dorms and other necessities at the universities. It assures no public money will be used for the projects.

A bill allowing most of Kentucky's public universities to start more than $360 million in bonding projects has officially cleared both legislative chambers.

The Senate passed the bill 36-1 today, with Sen. John Schickel, a Union Republican, as the lone dissenting vote. 

The bill allows six of the state's eight public universities to start projects such as dorm renovations, construction of academic buildings and renovation of Commonwealth Stadium.

A bill authorizing more than $360 million in bonds for university projects is just steps away from becoming a reality.

House Bill 7 allows six of the state's eight public universities to use bonds and other means to fund projects like building renovations, construction and renovations to Commonwealth Stadium.  And it passed the Senate budget committee unanimously Thursday.

FRANKFORT — A proposal to allow six of Kentucky's  public universities to start more than $360 million in infrastructure projects overwhelming passed the House today, 97-1.