State officials involved in the effort to sell bonds against future tobacco settlement earnings are looking at a July 29th deadline for having the mechanism in place for the sale of those bonds. Jim Carder, the Director of the state’s Division of Accounting, says the bonds won’t be soldon the 29th, but the paperwork for selling them must be completed. The state needs to come up with $50-Million by the 29th. Having the mechanism in place will allow the state to borrow instead of making cuts and withholdings.
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