LOS ANGELES -- Most California counties fund their so-called Teeter plan obligations -- an alternative property tax distribution method -- through internal borrowings, but Sonoma County is breaking away from that tradition by conducting an external borrowing.

Sonoma County auditor-controller Rod Dole said yesterday that the scheduled pricing today of $21.5 million of tax-exempt Teeter plan tax and revenue anticipation notes should result in lower interest rates than if the county borrowed from its own treasury pool.

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