Arkansas House delays vote on steel mill proposal

Arkansas House puts off vote on $125 million in state financing for new $1.1B steel mill

Associated Press

LITTLE ROCK, Ark. (AP) -- The Arkansas House delayed a vote on a proposal to provide a company with $125 million in state financing to help build a new steel mill in northeastern Arkansas.

Lawmakers didn't take up the proposal on Thursday as the legislation's sponsor, Rep. Monte Hodges, made a technical change to the proposal. The measure could come up Friday.

The legislation would authorize Arkansas to issue bonds to provide a loan and pay some of the construction costs of the $1.1 billion steel mill. The company promises to create at least 525 permanent jobs.

The Senate approved identical legislation by a 26-6 vote on Tuesday.

Gov. Mike Beebe and legislative leaders have endorsed the proposal. But some conservatives and a competing steel mill in the area have opposed the plan.

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