WASHINGTON -- Delaware's transportation trust fund is poised to test the market next Tuesday with its first competitive bond sale since the state formed the fund in 1987 to oversee transportation financing.

The Delaware Transportation Authority, on behalf of the trust fund, plans to issue $70 million of transportation system senior revenue bonds on a competitive basis. Since it first issued debt in 1988, the trust fund has negotiated all of its refunding and newmoney deals.

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