The Arkansas Higher Education Coordinating Board last week approved a total of $22.3 million of revenue bonds for projects at three colleges.
Proceeds from a $9 million issue will finance renovation of two residential halls at the University of Arkansas at Monticello. The upgrades include suite-style bathrooms and an expansion to accommodate 75 more students.
The bonds for the Monticello campus were approved last month by the University of Arkansas Board of Trustees.
Arkansas Tech University will use proceeds from $6 million of revenue bonds to expand and renovate its existing central cafeteria. The bonds will be supported by student meal plan fees.
Arkansas State University-Jonesboro received authorization for $7.3 million of revenue bonds after an earlier $19.6 million bond issue was not sufficient to complete three residential projects at the campus.
School officials said the project was expanded to provide a fraternity house. Unexpectedly high construction costs also prompted the request for additional funds.