ST. PETERSBURG, Fla. -- The Louisiana State Bond Commission yesterday gave its blessing to a $140 million revenue bond issue to replenish the state's depleted insurance guarantee fund.

Pending approval of final details of the financing by the commission at its next meeting, on Sept. 29, the Louisiana Public Facilities Authority will sell the deal during the final week in September. The facilities authority has chosen an underwriting syndicate for the offering led by Smith Barney Shearson Inc.

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