New Jersey Treasury officials say they hope to refinance at least half a billion dollars of outstanding bonds by the end of the year, but have not targeted particular issues.

"There's a substantial amount of bonds that can be refinanced, but we have to investigate it before we can issue any bonds," Robert Lurie, New Jersey's director of public finance, said earlier this month. He explained that tax laws that might forbid refunding a particlilar issue are still being examined.

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