Two reports commissioned by the Arkansas Legislature on a plan to issue state general obligation bonds for a steel mill in the state's northeast raise questions about the project's long-term economic benefits to the state.

Gov. Mike Beebe asked lawmakers for $125 million of economic development bonds for a proposed $1.1 billion steel mill at Osceola. Beebe said the mill will provide 525 permanent jobs with an average compensation of $75,000 a year and up to 2,000 construction jobs.

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