Nearly $500M bond bill for state repairs sent to House floor


COLUMBIA, S.C. (AP) – A bill borrowing $498 million for a backlog of repairs at South Carolina’s public colleges and other state-owned facilities is heading to the House floor.

The Ways and Means Committee voted 21-0 on a bond package Tuesday that whittled down more than $2 billion worth of maintenance requests.

About half of the money would go to colleges, while the agency for K-12 schools would get $30 million for school buses.

The move comes two years after then-Gov. Nikki Haley killed a similar effort.

Chairman Brian White says the package won’t increase interest payments, since old debt is being paid off.

Legislators have not passed a statewide bond bill since 2001.

Democratic Rep. Mike Anthony of Union says the state should borrow more to address needs while interest rates remain cheap.

Copyright 2017 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.