ANNAPOLIS, Md. (AP) — The Maryland House of Delegates has passed a measure to significantly increase school construction funding.
The House passed the bill 128-6 Friday. It enables the Maryland Stadium Authority to issue up to $2.2 billion in revenue bonds over five years.
The money would be on top of about $400 million the state spends each year to build and repair schools.
It would be financed by bonds, and the debt would be paid by $125 million annually over 30 years from casino revenue that goes to the state for education.
The Built to Learn Act now goes to the Senate.
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