PIERRE, S.D. (AP) - A legislative panel has approved the South Dakota university system's plan to spend more than $200 million in the next decade to construct new buildings, renovate some existing buildings and upgrade utilities.
The projects at the six universities would be financed by up to $107 million in bonds that would mostly be repaid from money paid by students. Private donations are expected to cover the rest of the costs. No state tax dollars would be used for the projects.
The Senate Appropriations Committee voted unanimously Tuesday to approve the 10-year building plan for the university system. The bill now goes to the full Senate.
Board of Regents Executive Director Jack Warner says the last two 10-year plans were completed early.
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