Passage of Bond Issue Critical for UACCM
On Tuesday, November 7, voters will have the opportunity to pass a bond issue that could greatly benefit current and future students of higher education in Arkansas with no expense to taxpayers and no additional annual debt service for the state. These bonds are necessary to ensure that the state’s public colleges and universities are adequately funded so that every person in Arkansas who desires a quality college education can receive one without leaving the state. A vote of “Yes” on the Referred Question 1, or ACT 1, “Arkansas Higher Education Technology and Facility Improvement Act of 2005,” will allow the Arkansas Development Finance Authority to issue up to $250 million in college savings bonds for much-needed improvement of technology and expansion of facilities in higher education. Overall, the bond sale will give $150 million to the state’s public institutions of higher education. The remaining $100 million will be used to refinance the existing bond issue from the 1989...