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Governor seeks federal help with Jeffco $3.9B debt

BIRMINGHAM, Ala. (AP) -

The governor, who met last month with Treasury Secretary Timothy
Geithner and Federal Reserve Chairman Ben Bernanke, wrote a letter
to them March 5 spelling out his request.

The governor, along with a majority of the five-member county
commission, wants to refinance or restructure the debt at a fixed,
sustainable rate of interest, with the federal government providing
a form of bond insurance that is not now available in the private
sector.

Details of the letter were reported Tuesday as two county commissioners issued a news release saying a bankruptcy filing
would be the best option.
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Information from: AP as compiled from information from The Birmingham News,
http://www.al.com/birminghamnews


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