BRADENTON, Fla. - Jefferson County, Ala., officials today expect a report from their finance director on how to come up with $20 million for the first accelerated payment on $120 million of variable-rate general obligation warrants that are now being held by two banks.

The warrants are secured by the county's full faith and credit - representing a liability some consider more onerous than the county's troubled $3.2 billion of sewer debt.

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