WASHINGTON - Maryland Transportation Authority officials said yesterday that they plan to bring $425 million of grant anticipation revenue vehicle bonds to market in the coming weeks now that Congress and the Bush administration are moving toward enacting legislation that will transfer $8 billion of general funds to the beleaguered federal highway trust fund.

The MdTA postponed its Garvee deal on Wednesday after news broke that the federal highway trust fund would run out of money by the end of this month. The Garvees were to be backed in part by money from the trust fund and MdTA officials feared that news of the trust fund's woes likely would create an unfriendly market for the bonds. Officials said they will bring the deal back to market as soon as possible.

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