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| State buying prison in North Las Vegas |
| By Associated Press |
| Published: 09/24/2001 |
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A $24.2 million purchase of a privately operated women's prison in North Las Vegas was approved Tuesday by the Nevada Board of Examiners. The board, chaired by Nevada Gov. Kenny Guinn, voted following earlier authorization by the state Board of Finance of a bond sale to finance the purchase of the 500-inmate prison from Corrections Corporation of America. The state has a 20-year contract to pay the private company to operate the facility. At the end of the period, the state would have ended up owner of the buildings. The purchase with bond money will permit the state to acquire the buildings earlier. The state expects to come out even financially because of the low interest rates on bond sales. |
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