WASHINGTON — The South Carolina-based issuer of $322.5 million of toll road revenue bonds that are in default appears to be preparing to file for bankruptcy, according to a disclosure ­document.

In a material event notice filed with the Electronic Municipal Market Access system, U.S. Bank NA, the trustee for the bonds used to finance the 16-mile toll road in Greenville County, said the board of the Connector 2000 Association Inc. authorized it to file for Chapter 9 or Chapter 11 bankruptcy.

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