DALLAS — Sponsors of $4.3 billion of approved but pending Gulf Opportunity Zone Bond projects in Louisiana will have another 60 days to complete the sale of the bonds under a blanket extension approved Tuesday by the Louisiana State Bond Commission.

The existing policy gives sponsors 120 days to sell the bonds after they received an allocation approval letter from the governor’s office. However, several projects approved by the commission in the latter part of 2007 asked for an extension because market conditions are hindering the sales process.

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