$100 million in bonds for growth corridors in Oklahoma approved

Tuesday, November 8th 2005, 5:41 am
By: News On 6

OKLAHOMA CITY (AP) Another $100 million bond issue gets approval from the Oklahoma Transportation Commission as part of a $1 billion plan to upgrade corridors deemed critical to the state's economic growth.

It is the second $100 million issue approved under a program that allows states to address immediate road needs by selling bonds and using future federal highway funds to retire the bonds.

The first phase of the program includes $300 million in bonds and $214 million in regular construction funds from the Oklahoma Department of Transportation.