DALLAS — The Louisiana Bond Commission gave its approval yesterday to the state holding onto 99% of the Louisiana Superdome's outstanding auction-rate securities for another year.

Bond counsel Meredith Hathorn of Foley & Juddell LLP said the Internal Revenue Service had assured her that it will grant a one-year extension of the ability to hold the bonds without their tax-exempt status being lost. The current approval will expire Dec. 31, Hathorn said, but an extension is almost sure.

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