WASHINGTON -- Delaware has canceled its plans to sell about $20 million of tax-exempt land and water revenue bonds this fall because the state expects to have a $66 million revenue surplus this fiscal year.

Instead, Delaware will use available cash to purchase open space throughout the state under a previously authorized $50 million program aimed at protecting the environment and controlling development, said Debra Chambliss yon Koch, Delaware's director of bond finance. The state already has sold $30 million of revenue bonds for the program.

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