The head of the Iowa Finance Authority has been put in charge of overseeing the installation of a statewide fiber optics telecommunications network, partly financed with $96.8 million of certificates of participation.

Ted Chapler, executive director of the authority, was appointed by Gov. Terry Branstad earlier this month after state officials revealed that construction costs for the network had increased by $11 million, to $97 million. The entire network is expected to cost over $200 million before completion.

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