New Jersey Treasurer Brian Clymer said Friday that he sees "a lot of technical problems" with a proposal to bond out a $1.3 billion deficit in the state auto insurance pool program, but believes the idea is "doable."

Clymer, the guest speaker at a meeting of the Municipal Analysts Group of New York, said a search is under way for underwriters and bond counsel interested in helping the state develop a bonding plan.

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