Perdue Announces Bond Package for USG

As part of his Fiscal Year 2010 Budget recommendation, Gov. Sonny Perdue proposed a $325 million bond package for construction projects for the University System of Georgia.

The bonds will fund new construction and renovation projects throughout Georgia’s University system. The Board of Regents bond package is part of the $1.2 billion in projects included in the Governor’s FY10 budget proposal, which was presented recently to the Georgia General Assembly during the Governor’s annual State of the State Address.

“This year’s bond package, totaling over $1.2 billion in new investment, will put Georgians to work and build critical infrastructure,” said Gov. Perdue. “In a time that we have trimmed our budget in other areas, we are aggressively increasing our bond package by a full twenty percent over last year. This will take advantage of low construction costs and create an estimated 20,000 new jobs in an industry that is ready to go to work.”