7. Property, Plant and Equipment:

Property, plant and equipment (amounts expressed in thousands) consisted of the following as of June 30,
1983:

Enterprise Funds:
			Non-
		Depreciable	Depreciable
		Assets	Assets
Land and improvements (includes land being held for sale of $2,520) .....			$ 4,346
Structures and improvements ..........................................		...... $12,486	721,277
Equipment ...........................................................		...... 12,209	316
Construction in progress ...............................................			9,136
		24,695	735,075
Less accumulated depreciation .........................................		4,877
Total .........................................................		$19,818	$735,075
Nonexpendable Trust Fund:
Land ........................................................	......... $ 48
Equipment, net of accumulated depreciation of $149 ............	......... 132
Total ......................................................	......... $ 180

General Fixed Assets:

General Fixed Assets activity by asset classification for the year ended June 30, 1983 is as follows
(amounts expressed in thousands):

	Balance			Transfers		Balance
Classification	July 1, 1982	Additions	Deletions	in (out)		June 30, 1983
Land and improvements ....................	........... $ 322,284	$ 18,081	$12,354	$12,856		$ 340,867
Structure and improvements ................	........... 868,856	32,900	6,081	67,151		962,826
Equipment ......"..........................	........... 275,275	51,866	27,639	4,890		304,392
Construction in progress ....................	........... 776,187	185,222		(84,897)		876,512
Total ..............................	........... $2,242,602	$288,069	$46,074	$ -0-		$2,484,597
Higher Education and University Hospital Fund:
Land .......................................................................					. . . . $ 48,982
Buildings and improvements .................................................					652,038
Contents ...................................................................					267,779
Construction in progress .....................................................					54,298
Hospital building and contents, net of accumulated depreciation of $34,973 ......					65,486
Total ...............................................................					$1,088,583

8. General Obligation Bonds:

General obligation bonds are authorized and issued primarily to provide funds for state owned capital
improvements, including facilities for institutions of higher learning, and the construction of public schools in
political subdivisions. Bonds have also been issued for local government improvements, including grants and
loans for water quality improvement projects and correctional facilities, and to provide funds for repayable

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