BRADENTON, Fla. — A proposed restructuring of $82.5 million of lease revenue warrants sold by Jefferson County, Ala., in 2006 would not reduce any principal or interest payments to investors, according to Ambac Assurance Corp., which insures the warrants.

County commissioners for the bankrupt county this week approved a term sheet outlining a proposed agreement with Ambac that would reduce annual debt payments to $4 million and $5 million from $8.3 million. The final maturities would be extended to 2037 from 2026.

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