The Legislature will be asked to allocate $50 million of the $865 million surplus from fiscal 2008 to pay down a portion of the $88 million of outstanding revenue bonds issued for the Louisiana Department of Agriculture and Forestry by the Louisiana Agricultural Finance Authority.

State Agriculture Commissioner Mike Strain told the Press Club of Baton Rouge earlier this week that he will ask for the money to eliminate $15 million of debt service on the bonds.

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