WASHINGTON -- The White House yesterday backed off its proposal to allow the Bonneville Power Administration to privately refinance up to $4 billion of Treasury loans, but another proposal authorizing a bond-financed sale of federal facilities to Alaska appeared headed toward passage in the House last night.

The Bonneville refinancing, as well as similar proposals to allow refinancing of the debt of the southeastern, southwestern and western area power administrations, was championed by Vice President Al Gore in his "Reinventing Government" report. The refinancing proposals were included in an administration bill delivered to Congress this fall to carry out parts of the report that were expected to reduce the federal deficit.

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