Texas federal borrowing topped $1.6 billion in October 2010, before the bond sales.

Those bills were then paid by borrowing through bond sales, costing more interest.

We carry no brief for either negotiated or competitive bond sales.

The money would come from a combination of bond sales and fees on industry.

"It was all shifted into bonding, and there were these huge bond sales every year."

More recently, Grameen has started bond sales as a source of finance.

If the Mayor does act on the bond sales, it would be the first such effort.

This risk is not always made sufficiently clear, critics say, by financial consultants who stand to make money from the bond sales.

At the time of the bond sales, they said "it was the belief and intent that each project would be constructed."

In 1986, the Legislature authorized a series of bond sales that raised more than $1.1 billion for the program.