DALLAS - Louisiana yesterday won a longer reprieve than it expected from the U.S. Treasury Department on converting its auction-rate securities for the Superdome in New Orleans.

Treasury officials notified governmental issuers that they can purchase and hold auction-rate securities, variable-rate demand bonds with seven-day put options, and tax-exempt commercial paper until Dec. 31, 2009. The state yesterday had planned to seek a 179-day extension.

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