DALLAS -- Texas will pare its planned note sale to $800 million because the state closed fiscal 1991 last week with a near-record $1.005 billion cash balance.

Texas Treasurer Kay Bailey Hutchinson said the state has revised what was expected to be a $1 billion tax and revenue anticipation note sale on Sept. 18 because the state ended the fiscal year on Aug. 31 with about $300 million more than projected.

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