DALLAS - Arkansas voters will be asked on Nov. 4 to approve $300 million of general obligation bonds to finance the Arkansas Natural Resource Commission's low-interest loan and grant program for local water projects across the state.

Proceeds from the bonds would be loaned to local governments for drinking water and wastewater projects, with the debt service covered by the payments on the loans. The bond proceeds are also used as local matches for federal grant money for water, sewer, and pollution control projects.

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