LOS ANGELES -- California's treasurer has proposed selling an annual $3 billion to $5 billion of general obligation and public works lease-purchase bonds to reduce the state's backlog of authorized but unsold debt by 1995.

Treasurer Kathleen Brown recently prepared a bond-sale management plan that details her strategy for addressing the backlog. The pileup, a key issue in her election campaign last year, will stand at about $8.3 billion after next week's $495 million Public Works Board sale.

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