OKLAHOMA CITY (AP) â€” The Oklahoma Capitol Improvement Authority is scheduled to consider a $120 million bond issue to pay for repairs and renovating of the state Capitol building.
The authority meets on Monday to consider seeking proposals for bond counsel and underwriters for the bond issue that was authorized by legislation signed into law by Gov. Mary Fallin in May.
The legislation authorized a 10-year, $120 million bond issue for Capitol improvements.
The authority will also consider reimbursing the Office of Management and Enterprise Services for funds it spends on the project before the bond money becomes available later this year.
Built between 1914 and 1917, barricades have cordoned off the south side of the Capitol for the past three years to prevent pedestrians from approaching areas where chunks of limestone have fallen.
Copyright 2014 The Associated Press.