The state Board of Regents accepted a bid for the dormitory revenue bonds Thursday at its meeting.

The bonds will be used to pay a part of the construction costs for the new residence hall on the West Campus.

The bonds, estimated to be worth more than $27 million, will be the second and final bond issuance. The first was issued in August 2012.

The project will cost $53 million and will provide housing for 501 residents.

— by Kevin Svec