WASHINGTON — More than $200 million of toll revenue bonds issued by the Connector 2000 Association Inc. for a 16-mile toll road in Greenville County, S.C., defaulted on Jan. 1, in what sources said is the first public-private partnership default in the state.

Some Connector bonds were trading as low as 10 cents on the dollar last month, according to trade data filed with the Municipal Securities Rulemaking Board.

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