A bill that authorizes the state to borrow $105 million was approved late Friday night by the Iowa Senate.
On a vote of 30-19, lawmakers gave approval to Senate File 477, which would allow the state to issue bonds totaling $100 million for vertical infrastructure improvements and $5 million for alternative energy projects.
The bill is expected to be debated by the Iowa House today.
The measure is one of several bonding bills passed last night. Both the House and Senate passed a $115 million to help University of Iowa rebuild flood-ravaged areas of the Iowa City campus, and the House passed an amended version of a $545 million bonding bill passed by the Senate last month.
All told, legislators are expected to approve more than $800 million in bonding bills this weekend with the hopes of adjourning early next week.