CHICAGO - Cook County, Ill., plans to begin remarketing $130 million of taxable variable-rate debt as early as today before entering the market again within the next 45 days to sell $250 million of tax-exempt general obligation bonds.

The remarketing will allow the county to replace its now-downgraded bank liquidity provider - after an effort the county's chief financial officer called "tenacious" - while the new-money borrowing will finance a number of capital improvement projects and equipment purchases.

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