University of Arkansas System trustees approved a $120 million bond issue Wednesday to expand the north end zone and make other upgrades to Razorback Stadium.
The bond issue passed the Audit and Fiscal Responsibility Committee with a 5-1 vote, with trustee Cliff Gibson of Monticello voting against it. The bond issue — along with other action items the committee took up Wednesday — will be before the full board Thursday.
Committee members also approved the law firm Mitchell, Williams, Selig, Gates and Woodyard of Little Rock as bond counsel. Stephens Inc. and Crews & Associates, Inc. will be the co-senior managing bond underwriters, with Raymond James & Co.