DALLAS - The Louisiana State Bond Commission gave its tentative approval on Thursday to $210 million of revenue bonds to finance the state's student loan program, even though there is little chance the bonds can be issued until market conditions improve.

The bonds would be sold by the Louisiana Public Facilities Authority for the loan program operated by the Louisiana Education Loan Authority, a subsidiary of LPFA. The capacity is provided by a $25 million carryover from the state's fiscal 2007 private-activity bond volume allocation and $91 million in capacity from both the fiscal 2008 and 2009 allocations.

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