The New Jersey Turnpike Authority yesterday approved refunding up to $900 million of outstanding debt to generate savings for the agency.

Dennis Enright, a principal at NW Financial, the authority's financial adviser, said the NJTA will evaluate which outstanding bonds to refinance and is looking at "a whole bunch of series" for refunding potential. The actual amount of debt the authority chooses to refund depends upon market conditions. It has the ability to refund up to $900 million.

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