OKLAHOMA CITY (AP) — The Senate has approved House Speaker T.W. Shannon's bill that would create an eight-year plan to improve state buildings and properties without issuing bonds to pay for the work.
Shannon has pushed for the "pay-as-you-go" plan in part because the increasingly conservative House has been resistant to the idea of issuing bonds to pay for state projects.
Shannon is a former chairman of the House Transportation Committee and sees the plan being similar to the Oklahoma Department of Transportation's eight-year plan for repairing the state's roads and bridges. The bill creates a commission to develop a prioritized list of state properties in need of repair and state assets that could be liquidated to help pay for projects.
The bill now returns to the House.
House Bill 1910: http://bit.ly/XUJxNj