As a significant market intervention, it needed "state aid" approval from Brussels.
Mr. King expressed his concerns in a letter signing off on the 12 school closings that needed state approval.
But, in an episode of embarrassing and unnecessary tightfistedness, it has frozen enrollment in a badly needed state health insurance program for low-income children.
Without the buybacks, Mr. McGreevey warned, interest payments could begin to choke off money for needed state programs, like the tax rebates themselves, within a few years.
Other officials in the state, including the head of the Illinois Emergency Management Agency, still receive such information when needed, state officials said.
These funds were needed, state and city officials said, to help rebuild the streets left desolate by the attacks of Sept. 11.
It spent the intervening years getting the site rezoned from commercial to residential use and securing the needed state and local approvals.
Bankers say the two biggest cajas La Caixa, which hasn't needed state funds, and "Júpiter", a virtual merger headed by Caja Madrid would attract the most interest from institutional investors.
The county, which needed state help to pay its bills last year and to balance this year's budget, projected in April that its deficit could be $185 million in 2003.
The deals he discussed on Wednesday will use a combination of state, federal and private money — both cash and debt — with much of the needed state funds already agreed upon and allocated.
He has set up a model project in his district, one of India's poorest, where young men have a franchise from the state to distribute daily crop prices and commonly needed state records for a small fee.
