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Questions and Answers on the State Bond Package iHow much is the total State Bond Package and what is included? The entire package totals $740 million. There are four specific components in the bond package, each with its own designated amount of money: * $145 million for water and sewer projects; * $250 million for community colleges; * $310 million for universities; and, * $35 million for state parks. .. How would the money be used? In the case of water and sewer funds, the bonds would help counties and cities to expand, enlarge, extend, improve and reconstruct their water and sewer services, thereby making those areas more attrac- tive to new industries. Such improvements to basic infrastructure are critical for local economic growth. The money would actually be allocated like this - $100 million for direct loans to local governments and $45 million for the Clean Water Revolving Loan and Grant fund. The $I00 million for direct loans will be lent at the state's market interest rate. Of that $100 million, 69 percent will be used for sewage treatment and collection projects and 31 percent will be used for water supply and conservation projects. The other $45 million would go to revolving loans and grants programs such as: General Wastewater Revolving Loans: 39 percent; Emergency Wastewater Revolving Loans: 10 percent; High Unit Cost Wastewater Grants: 20 percent; General Water Supply Revolving Loans: 21 percent; Emergency Water Supply Revolving Loans: 5 percent; High Unit Cost Water Supply Grants: 5 percent; A. As for the community college funds, the money would enable community colleges to finance the cost of capital improvements thereby strengthening and improving their worker training programs to sup- port existing and future businesses. Proposed projects up for funding run the gamut of a health & science facility at Fayetteville Technical Community College to a public service technology building at the Coastal Carolina Community College to a classroom building at Haywood Community College. These are just three examples of the projects at 59 different community colleges across the state identified and to be financed in the community college section of the bond package.