DALLAS -- Texas could sell $500 million of cash-management notes by mid-September, but the final size of the issue hinges on the budget lawmakers could pass next week.

John Bell, the state's deputy treasurer, said the size of the program will depend on the amount and types of new revenues lawmakers use to balance the two-year, $57 billion budget. Because revenue measures -- including new and restructured taxes -- usually take effect in January, it could increase Texas's need for a cash-flow borrowing.

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