CHICAGO — With a selection process underway to update its underwriting pools, Wisconsin on Wednesday will take bids on $338 million of bonds in its first general obligation sale following the adoption of a $66 billion budget that moves the state closer to structural balance.

The new-money sale Wednesday will fund “bricks-and-mortar” projects, according to state capital finance director Frank Hoadley. The bonds mature from 2013 through 2032.

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