State board OKS $100M bond issue for projects

State officials on Tuesday approved the sale of up to $100 million in bonds to finance a number of state capital improvement projects.

The state Board of Finance approved the bond resolution, which will allow for a sale in October and the funds becoming available in November. Interest rates for such sales are running at 3 percent to 3.25 percent for the 20-year bonds.

The board approved a number of other bond sale resolutions, including

$15 million for open space, parks and natural resources projects.

Southern Nevada projects approved by the Nevada Legislature in 2017 include $37 million for a National Guard Readiness Center in North Las Vegas, but that project is federally funded.

Northern Nevada projects include

$36 million to advance a veterans home in Reno, $41.5 million in state funding for a new engineering building at the University of Nevada, Reno and

$42 million for a new Department of Motor Vehicles office in Reno.