Nearly $2 billion worth of bond sales are going to construction projects across Oregon.
Nearly $12 million are going towards building renovation at the University of Oregon. Roughly a million and a half is for the Lane County Courthouse.
Jim Sinks of the State Treasury Department says his office sold the bonds in the first half of 2017. But the projects themselves were approved two years ago.
“These are projects that were approved - or financing that was authorized - by the 2015 Legislature," explains Sinks. "So when you hear about the legislature talking about new construction bonds, particularly for roads and those sort of things, that’s not this particular sale, that would be future bond sales.”
Sinks says only his department sells bonds on behalf of the state. And it’s how government primarily finances infrastructure projects.
Copyright 2017, KLCC.
