BRADENTON, Fla. - Jefferson County, Ala., commissioners yesterday approved forebearance agreements with liquidity providers, bond insurers, and swap counterparties deferring the first payment owed on the highly leveraged sewer system's standby bond purchase agreements, which are under an accelerated amortization schedule because of bond insurer downgrades.

The agreements delay a $53 million payment due today, while the county will make a $4.2 million interest payment.

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