Mississippi Treasurer Tate Reeves announced last week that the state closed on its Series 2009A, B, and C refunding bonds, saving $4.6 million in debt service payments over the life of existing debt maturities.

"In these challenging financial times, Mississippi families are being forced to tighten their belts," Reeves said in a statement. "It only makes sense that state government looks for ways to tighten its belt, too."

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