CHICAGO -- Gov. Jim Edgar of Illinois last week proposed a revised bond-financed bailout plan for Chicago public schools that calls for increasing bonding by the school's oversight panel to $386 million from $300 million.

The Republican governor proposed the new plan after legislative leaders last week failed to agree on a previous plan that included $300 million of general obligation bond authorization, a $ 110 million loan from the Chicago teachers' pension fund, and the use of $36 million of restricted state funds over two years.

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