CHICAGO -- The St. Paul Port Authority's restructuring plan for its Resolution 876 Common Revenue Bond Fund received unenthusiastic reviews from various public finance officials and fund managers last week.

The authority drew up the plan to avoid a default of its outstanding bonds by 2000. Released last Tuesday, the plan would affect holders of $258 million of bonds that mature after Dec. 31, 1999. About $63.9 million of bonds that mature before 2000 will not be affected.

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