LOS ANGELES -- Orange County, Calif., transportaion leaders this week approved a $4.4 billion plan for an urban rail system that might entail bond issuance, but officials have not decided how to pay for it.

"Our job is to try and find a way to finance this," said James Kenan, director of finance and administration at the Orange County Transportation Authority. "We're still in the infant stages of this program, [and] it's too early to look at bonding."

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