LOS ANGELES -- The San Bernardino County Transit Authority is planning its first issuance tied to a proposed $420 million transportation bonding plan opposed by smaller communities.

The authority plans a Dec. 4 vote to select investment bankers and lawyers for an estimated $93 million bond issue to help fund the ambitious 20-year transit plan. Securing the debt is a half-cent sales tax increase that has already produced more than $71 million for transportation purposes, according to George Kaenel, director of finance at the authority.

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