Missouri issues $92 million in bonds to hospital

Missouri has issued $92 million in bonds for a new 413,000 square-foot mental health facility project at the Fulton, Mo.-based Fulton State Hospital, the Office of Administration announced this week, according to an Associated Press report.

Fulton State Hospital's roots go back to 1851, the year it opened, according to the report.

The bonds come after the legislature passed and Missouri Gov. Jay Nixon signed a measure earlier this year. The bonds will cover the cost of demolishing and replacing old buildings, according to the report.

According to the report, which cites a news release, Gov. Nixon said the project will result in "better care for patients and greater safety for employees."

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