A $1.4 billion New Jersey Transportation Trust Fund Authority deal is caught in a political stalemate as the state’s Department of Transportation announced Friday it would halt all state-funded transportation projects until the Legislature approves the bond sale.

Officials are looking to sell in mid-October about $950 million of new-money bonds and up to $500 million of refinancing bonds to help finance road, bridge, and mass-transit infrastructure needs through April. Barclays Capital is the bookrunner on the transaction.

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