New Jersey Acting Treasurer Andrew Eristoff Thursday told a Senate committee that the New Jersey Transportation Trust Fund Authority may refund bonds to help generate needed borrowing capacity in fiscal 2011.

Eristoff said the TTFA will have only $25 million of dedicated funds remaining in fiscal 2011, which begins July 1, to support additional bonding. The trust receives $895 million of dedicated funds annually, with principal and interest payments on prior bonds taking up nearly all of that yearly allocation beginning in fiscal 2011.

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