Outgoing Gov. George Sinner last week unveiled a $1.2 billion general funds budget for the fiscal 1993-95 biennium that includes the issuance of revenue bonds for university projects.

Meanwhile, Gov. Ed Schaefer, who took office Dec. 15, is formulating his own budget for the fiscal year beginning July 1, 1993, and will present any amendments to Sinner's budget next year. Schaefer, a Republican, was elected in November after Sinner, a Democrat, opted not run to for reelection.

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