Tomblin: Road Bond Sale Saves State Money
Gov. Earl Ray Tomblin says the sale of $134 million in state Road Fund bonds will save West Virginia $26 million, most of which will go into road projects.
In a news release Friday, the governor said selling the bonds will save about $26 million in interest payments.
More than $25 million of it will be invested in state Department of Transportation capital road projects in the 2016 budget year.
Tomblin said the move will be critical to making long-term investments to improve state infrastructure.