DALLAS — When financial markets were collapsing in 2008, the North Texas Tollway Authority faced the challenge of raising $3.2 billion to pay for its most ambitious project, the State Highway 121 toll road connecting the far northern Dallas suburbs to the NTTA’s existing system.

Despite the disarray of the markets, including the demise of the NTTA’s swaps partner Lehman Brothers, the toll agency managed to issue the bonds that allowed construction of the tollway, which is now producing revenue.

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