DALLAS - Louisiana Friday clarified that it is not considering suing counterparties to a forward floating-to-fixed interest rate swap agreement on $485 million of gasoline and fuel tax revenue bonds for the state's $5.2 billion Transportation Infrastructure Model for Economic Development highway program.

William Ankner, secretary of the Louisiana Department of Transportation and Development, said Friday he did not intend to put forth a lawsuit as an option during his testimony earlier in the week before a special state Senate committee looking into the program's funding.

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