Oklahoma corrections department selling bonds to expand

(Information from: Tulsa World, http://www.tulsaworld.com)
OKLAHOMA CITY (AP) – The Oklahoma Board of Corrections has started the process of selling more than $116 million in bonds to help add capacity to the state’s overcrowded prison system.
The Tulsa World reports that the board on Thursday authorized Oklahoma Corrections Department Director Joe Allbaugh to negotiate, finalize, and execute documents on the agency’s behalf to issue the bonds. The board also directed Allbaugh to begin gathering information about building new correctional facilities.
Allbaugh says officials haven’t yet determined if new prisons will be built or if existing prisons will be expanded.
Allbaugh further reports that the state prison system is currently at more than 150 percent of capacity. He says the system is at 113 percent of capacity when taking into account the three private prisons in the state.