SAN FRANCISCO -Sacramento County, Calif., plans to bring $641 million of airport revenue bonds to market tomorrow to refinance auction-rate securities, to restructure its master trust indenture, and to fund new construction.

The county will sell about $374 million of new-money bonds to finance the first phase of its $1.27 billion terminal modernization program at Sacramento International Airport, the 38th busiest in the nation in 2006. The county will sell $267 million to refund all of its outstanding airport revenue bonds, including $76 million of ARS issued in 2006.

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