DALLAS - The Texas Workforce Commission is considering a plan to sell up to $2 billion of tax-exempt and taxable bonds by late 2010 to repay a no-interest federal loan for its depleted unemployment compensation trust fund.

The seven- to 10-year bonds would be supported by a portion of the employment tax paid by businesses in Texas. TWC chairman Tom Pauken said the bonds will likely be a combination of tax-exempt and taxable debt.

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