Voters Overwhelmingly Approve College Bond Issue; UALR To Gain $9.8 million, CyberBuilding
Arkansas voters gave higher education a resounding vote of confidence in Tuesday’s election, approving the proposed state sale of $250 million in bonds for higher education facilities and technical needs by 69 percent of the vote.
The states 32 public colleges and universities will receive $150 million for capital improvements, including money help build UALR’s next big project – a home for the Donaghey CyberCollege. The remaining $100 million would refinance existing bonds.
In total, UALR would receive $9.8 million:
- $804,698 to provide the infrastructure necessary for UALR to connect to the National Lambda Rail (NLR), a unique national network infrastructure for the U.S. research community.
- $2 million for technology infrastructure improvements on campus to allow UALR researchers to fully utilize the NLR.
- $1 million for general infrastructure improvements and critical maintenance
- $6 million for a CyberCollege building