LOS ANGELES -- The San Jose Redevelopment Agency plans today to price an unsually large issue of tax allocation bonds, partly to lock in favorable terms before California's redevelopment reforms take effect on Jan. 1.

The $700 million bond sale will allow the agency to deposit about $442 million in an escrow account to refund all its outstanding tax allocation bonds; refinance $37 million of commercial paper notes; and raise about $190 million in new money for various projects.

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