BRADENTON, Fla. — Faced with decreased state funding, Kentucky’s public universities are asking the state for permission to issue their own bonds secured by specific fees to fulfill pent-up capital needs.

Gov. Steve Beshear and a bipartisan group of legislative leaders back the plan, which would authorize the universities to issue $363.3 million of bonds in coming months if authorized by the General Assembly, which is in session through March 26.

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