New Jersey To Sell $300M In Bonds For Education, Open Space
TRENTON, N.J. (AP) — Republican Gov. Chris Christie's administration has approved $300 million in bond sales for higher education, open space and historic preservation projects.
The plans approved Wednesday include the final $200 million of $750 million in bonding for higher education that voters approved in 2012. The rest includes a combined $100 million for environmental, farmland, floodplain and historical preservation.
The sale means the state has reached the $750 million cap in higher education bonding agreed to in 2012 in the measure approved by voters. That debt was used for a number of projects across the state, including building or refurbishing facilities at more than a half-dozen state colleges.
The bonds are expected to be sold by Dec. 21.
Copyright 2016 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.