Members of the House Ways and Means Capital Needs and Bonding Subcommittee met Tuesday morning to begin discussing a potential bond bill that could be introduced this legislative session. Chairman Brian White (R-Anderson) provided members of the subcommittee with background information detailing the State’s current triple-A credit rating and debt status. Chairman White believes that the time is right for a modest bond bill that would likely range between $400 to $450 million.
The bill would help pay for maintenance needs across the State and would not include funding for the construction of new buildings on college campuses.
If successful, the proposed legislation would be the first of its kind in 17 years.
Members of the Ways and Means Committee are expected to meet again on the issue during the week of March 21, 2017, where they will begin going through approximately $2 billion in proposed projects.
A complete list of the capital needs requests brought forth during Tuesday’s meeting can be accessed here.