CHICAGO — The Wisconsin Legislature adjourned late last week, ending its session after approving legislation that authorizes the creation of a new conduit bonding commission and leaving on the table a bill that would have established a regional transportation authority in the Milwaukee area.

Gov. Jim Doyle last week signed SB 399, which allows for the establishment of an authority that would serve as a conduit borrower to assist state businesses in accessing the tax-exempt market for public benefit at the request of local governments. The measure was promoted as an economic development tool that would help spur job creation.

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