The authority, which has bonding authority backed by toll payments, would ultimately finance the expansion project.

"The bonding authority is the key," he said.

He asked the Legislature to approve $25 billion in bonding authority for the projects this year.

The exchange was made because the turnpike had $400 million in bonding authority the state's general fund didn't have.

So under the legislation, the five borough agencies would split $30 million in bonding authority.

In 2011, she led the university to secure $15 million in bonding authority for upgrading student residence halls.

Whether the Atlanta group will have to use its bonding authority was unclear.

Some of the land was acquired with state and Federal aid; the county's own bonding authority supplied most of the other financing.

But I am not sure a new authority with brand-new bonding authority is the answer to that.

He would pay for the spaces by increasing the state's bonding authority.