For the Record - Oct. 18, 2008
Toll agency loan: A headline on an article in Friday’s California section about the effort by Orange County’s Transportation Corridor Agencies to acquire a $1.1-billion government loan said the agency is requesting a federal bailout. The word “bailout” should not have been used. The agency is requesting a federal loan, to be repaid with future toll road revenue, to help refinance the agency’s existing debt.
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