BRADENTON, Fla. - Jefferson County, Ala., disclosed what is believed to be the county's first missed payment to owners of its sewer warrants after defaulting on $46 million of accelerated principal that was due last week.

The county blamed Syncora Guarantee Inc. for failing to pay on its bond insurance policy, but also said in a material event notice released late Tuesday that the county's net sewer revenues were insufficient to pay debt service.

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