West Texas County To Vote On Funding Nuke Site

Stock quotes in this article: VHI  

If the company were able to benefit from the stimulus money, it would mean more money to the county and the state.

Peggy Pryor, a longtime opponent of the company and an Andrews resident, said she and others have formed a nonprofit, No Bonds for Billionaires, to fight the ballot measure.

She said she believe many aren't publicly saying they are against it but they are.

"We've been really encouraged with all the support we've been getting," Pryor said.

Andrews County has long been without indebtedness, said Lloyd Eisenrich, president of the Andrews Industrial Foundation, a privately funded group formed decades ago to help attract companies to the city. Money from the oil industry there has always enable the county to fund projects without taking on debt, he said.

Eisenrich said he believed Andrews County would be among a few in Texas to approve subsidizing a private company's venture through bonds should the measure pass and officials sign off on issuing the bonds. A law passed about 20 years ago allows the county to provide the company financing.

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