House Passes University Bond Bill

The House has passed a University Bond Bill, meaning the state's eight public universities could issue their own bonds for construction projects.

House Bill 11 is sponsored by Representative Robert Damron.

The bill would let universities issue bonds if they use their own revenue instead of state funding to pay them off.

The bonds are now considered debts of the state, but the House bill would change that.

WKU's President Gary Ransdell says this would be a great change for higher education.

"And allow us to control our own destiny, particularly in times when politics or the absence of state funding might prevent us from doing so otherwise," said President Gary Ransdell, of Western Kentucky University.

The legislature would still have final say over the bonds.

The bill now heads to the Senate.


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