Bangalore: Its welcome news for the Indian-American cultural enthusiasts as the Senate panel has passed the financing plan to finish the American Indian Cultural Center and Museum in Oklahoma City, as reported by Tulsa World.

The project which went through many obstacles relating to funds was sought out by the lawmakers who banked on the additional state bonds to finalize it. This measure will later head to the Senate floor after securing a Senate Appropriations Committee vote of 21-3.

"Our proposal gives us the opportunity to complete an asset that will serve as a source of pride for Oklahomans, without adding debt," exclaimed Sen. Kyle Loveless, who presented the measure.

He further added that, "This project will have a lasting cultural and economic impact on the state and allow us to share and better understand our unique history. Our plan enables us to keep our commitment to this extraordinary facility and begin realizing a return on our investment."

The officials have decided to give the facility to a public trust initially and not receive any of the state funds.

So the funding for the American Indian Cultural Center and Museum will be like this-

$63 million from three previous state bond issues; $14.5 million In federal money; $4.9 million and 250 acres of land from Oklahoma City; $40 million in private donations; $9 million from tribes; and $40 million proposed from the state's unclaimed property fund.
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