Kansas House bill puts oversight on KU-style ‘public-private partnership’ building projects

The Kansas House advanced a bill Friday that would create an oversight commission to review state agency construction projects, such as Kansas University’s Central District development, that are financed using public-private partnerships.

KU received intense criticism earlier in the session over its decision to issue $327 million in bonds to finance the Central District project by going through a Wisconsin public finance agency, instead of the Kansas Development Finance Authority, which would have required legislative approval.

The university was able to do that because it had formed a third-party, nonprofit corporation called the KU Campus Development Corporation, which was the actual issuer of the bonds.

(Read more: LJWorld.com stories: Local news)

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