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    You are at:Home»Video»AssociatedPress»Kansas House advances bill to tighten control of state debt

    Kansas House advances bill to tighten control of state debt

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    By KMAN Staff on March 20, 2016 AssociatedPress, State News

    TOPEKA, Kan. (AP) The Kansas House has given first-round approval to a bill that would give legislators more oversight of bonds or other debt for major building projects.

    The measure advanced Friday on a voice vote. The House expects to take final action Monday.

    The bill would require the Legislature to approve the debt for a project worth $25 million or more. Legislative leaders and the governor could approve smaller projects.

    The requirements also would cover lease-purchase agreements.

    The measure is a reaction to two projects without prior legislative approval.

    A nonprofit corporation formed by the University of Kansas is financing major campus improvements with $327 million in bonds issued by a Wisconsin agency.

    And Gov. Sam Brownback recently canceled a $20 million plan for a new power plant near the Statehouse.

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