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Senate advances $240 million highway-financing plan, approves bond-anticipation amendment
Summary
Senate amended and approved a highway-financing package that authorizes up to $240 million in bonds (with $190 million for programmed work and $50 million as a federal-funding backup); senators debated legacy-highway allocations, local matches and contingency plans before passage to the third-reading calendar (vote 22–3, 4 absent).
The Senate on Feb. 27 debated and amended Senate Bill 2, a highway-financing measure that sponsors said is intended to keep major reconstruction projects — including I‑15 work — on schedule.
A floor amendment approved during debate would allow early issuance of $50 million in bond‑anticipation notes to capture potential arbitrage benefits and serve as a backup if federal funds do…
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