House committee OKs steel mill plan

    2:09 PM, Apr 3, 2013   |    comments
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    LITTLE ROCK, Ark. (AP) - A House committee has given its approval to a plan that would provide state funding to a new steel mill in northeastern Arkansas.

    On a voice vote, the House Committee on Agriculture, Forestry and Economic Development said Wednesday the state should use $125 million to back the Big River Steel plant in Osceola. There was a small number of "No" votes.

    The plan calls for Arkansas to issue bonds to provide a loan and pay some of the construction costs of the planned $1.1 billion mill. Big River Steel says the plant will create at least 525 permanent jobs.

    The Senate approved the proposal Tuesday by a 26-6 vote.

    Gov. Mike Beebe and legislative leaders have endorsed the proposal, but some conservatives have criticized it.

    (Copyright 2013 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.)

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