Ark. Senate committee weighs steel mill proposal - KATV - Breaking News, Weather and Razorback Sports

Ark. Senate committee weighs steel mill proposal

Posted: Updated:

LITTLE ROCK (AP) - An Arkansas Senate committee is considering Gov. Mike Beebe's proposal to provide a company $125 million in state financing to help build a new steel mill in the northeast part of the state.

The Senate Committee on Agriculture, Forestry and Economic Development is expected to vote Tuesday on legislation authorizing Arkansas to issue the bonds to provide a loan and pay some of the construction costs of a $1.1 billion steel facility in Osceola. The company, Big River Steel, is promising to create at least 525 permanent jobs.

House Speaker Davy Carter and Senate President Pro Tem Michael Lamoureux have both endorsed the proposal, but some conservatives have been critical of the government subsidies and loans.

A committee of House lawmakers is expected to consider the proposal on Wednesday.

COMPLETE COVERAGE
Amendment 82 gives state flexibility to seal super deal (Jan. 21)
Legislative consultant to take crack at Big River (Feb. 24)
Report urges caution on steel mill project (March 22)
Officials discuss $1.1B steel mill project (March 26)
Arkansas steel mill proposal gains traction (April 1)
Ark. Senate committee weighs steel mill proposal (April 2)
Ark. House committee OKs steel mill plan (April 3)
Arkansas House approves steel mill funding (April 8)
Arkansas Legislature approves steel mill funding (April 16)

  • Most Popular StoriesMost Popular StoriesMore>>

  • $30,000 worth of stolen sculptures from LR Riverfront Park are returned

    $30,000 worth of stolen sculptures from LR Riverfront Park are returned

    Sunday, August 31 2014 11:38 PM EDT2014-09-01 03:38:48 GMT
    $30,000 worth of sculptures stolen from downtown was mysteriously returned Sunday morning. A couple found the sculptures in a black garbage bag inside of the Little Rock Vogel Schwartz Sculpture Garden at Riverfront Park. The Sizzling sisters, First Glance, and Conversation with Myself were all donated to the sculpture garden.More >>
    $30,000 worth of sculptures stolen from downtown was mysteriously returned Sunday morning. A couple found the sculptures in a black garbage bag inside of the Little Rock Vogel Schwartz Sculpture Garden at Riverfront Park. The Sizzling sisters, First Glance, and Conversation with Myself were all donated to the sculpture garden.More >>
  • Metro Radar

    Metro Radar

  • "Lost Seal" from Civil War era returns to Saline County

    "Lost Seal" from Civil War era returns to Saline County

    Sunday, August 31 2014 11:39 PM EDT2014-09-01 03:39:19 GMT
    Saline County celebrated the return of it's “Lost Seal” by installing a historical civil war marker. The county hasn't had the seal since 1863 but it is now back in the counties possession.In 1996 Gary smith of Pine Bluff found discovered the seal with his metal detector in Grant County.More >>
    Saline County celebrated the return of it's “Lost Seal” by installing a historical civil war marker. The county hasn't had the seal since 1863 but it is now back in the counties possession.In 1996 Gary smith of Pine Bluff found discovered the seal with his metal detector in Grant County.More >>