DALLAS — Bonds supported by a 4 cents-a-gallon gasoline tax will not be sufficient to complete Louisiana's $4.9 billion Transportation Infrastructure Model for Economic Development program as gas tax revenues fail to keep up with inflated construction costs.

As things stand now, the state will have exhausted its bonding capacity dedicated to the TIMED program with a planned sale in 2010 and funds will not be sufficient to complete at least two major projects.

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