ATLANTA - Fulton County, Ga., yesterday sold $120 million of tax anticipation notes - twice as much as in 2006 - to cover expenses at a time when cash levels are lower, due in part to the advance payment of an annual subsidy to the financially ailing Grady Health System in Atlanta.

The notes will mature on Dec. 31. Citi was the winning bidder with a net interest cost of 1.6112%. Buyers were expected to be institutions, such as mutual funds and regional banks.

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