ATLANTA -- The Louisiana legislature last week approved an $11.8 billion all-funds 1995 budget in a session devoted to state spending that ended 13 days earlier than scheduled.

As part of the budget package approved last Wednesday, lawmakers authorized a $1.7 billion five-year capital spending plan. The capital plan, however, must proceed under strict limits on debt issuance, which once again cap tax-supported state bonds in the upcoming fiscal year to $200 million.

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