U of I waits for flood bond approval - KWWL - Eastern Iowa Breaking News, Weather, Closings

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U of I waits for flood bond approval

DES MOINES, Iowa (AP) -- The University of Iowa will have an idea by Friday whether it will get $30 million in bonds from the Iowa Board of Regents.

The regents will hold a telephone meeting on Friday to talk about the bonds, which would be for flood recovery and flood prevention. FEMA would pay the school back if it is issued the bonds.

The University of Iowa campus sustained $232 million in property damage from record summer flooding.

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