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Senate passes substitute House Bill 2 authorizing capital-facilities bonds and revenue projects
Summary
The Senate considered and passed a substitute to House Bill 2, a capital‑facilities bonding and debt‑financing bill, authorizing a mix of general funds, school funds and general obligation bonds and several revenue-backed projects (including university housing tied to the 2002 Olympics); the substitute passed on the floor and will be returned to the House.
Senate members reviewed Substitute House Bill 2, the 1998 capital‑facilities bonding and debt‑financing authorization, which lists multiple projects across higher education, corrections, and state facilities.
The sponsor distributed a summary sheet and described funding sources: $46 million from the general fund; $11 million ongoing from the Uniform School Fund; $10.5 million one-time school fund cash; and $48.5…
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