CHICAGO - The Illinois State Toll Highway Authority expects to enter the market today with between $300 million and $400 million of fixed-rate, new-money revenue bonds to raise funds for its ongoing $6.2 billion rebuilding of the tollway system.

The deal is expected to price on the same day as a hearing is scheduled on the proposed $1.8 billion second phase of the capital program that was announced last month by toll officials and Gov. Rod Blagojevich, and a day ahead of a hearing on the authority's proposed 2009 budget.

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