WASHINGTON - A Texas lawmaker has once again introduced legislation that would allow the North American Development Bank to guarantee tax-exempt bonds.

Rep. Charles Gonzalez, D-Tex., introduced a bill last month that would amend the tax code to clarify that the San Antonio-based NADBank - which was created under the North American Free Trade Agreement to address environmental issues in the U.S.-Mexico border region - could guarantee tax-exempt deals without endangering the tax-exempt status of the bonds.

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