DALLAS -- While the Texas Bond Review Board is ambivalent over a debt restructuring plan to bail out the Houston Ship Channel Bridge, officials say the alternative of using other state funds to avert a default is not legally possible.

Privately frustrated over a two-month delay in a decision, the officials at the Texas Turnpike Authority worry that the board's lack of consensus could jeopardize a proposed $210 million refunding to avert a default on the project's junior debt in 1996.

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