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Article: Wisconsin: the state Building Commission approved a $145 million prison expansion plan. (Around the Nation)
- Article from:
- The Bond Buyer
- Article date:
- September 17, 1991
- Author:
CopyrightCOPYRIGHT 1991 SourceMedia, Inc. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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The State Building Commission approved a $145 million prison expansion plan earlier this month that the commission's secretary said is the most "expansive" prison building program in Wisconsin's history.
Funding for the program will come from the issuance of general obligation bonds. Frank Hoadley, the state's capital finance director, said the bonds for the prisons would be added to the state's regular GO bond issues on an as-needed basis.
The biennial budget that was approved by the Legislature July 3 for fiscal years 1992-93, which began July 1, included a total of about $619 million of GO bonding authority and $757 million of new revenue bonding ...