DALLAS - Louisiana will delay a planned sale of $500 million of state general obligation bonds until after the first of the year due to turmoil in the credit markets.

The bonds, which will finance construction projects on the legislative capital outlay list, were approved by the State Bond Commission in July. The commission authorized up to $1.2 billion of GO bonds, but officials said they intended to issue only about $500 million of the debt in a sale tentatively set for late 2008.

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