The state _could_ attempt to negotiate with bondholders to repurchase the bonds - probably at a significant premium, however. Of course, if one of the bondholde

The state _could_ attempt to negotiate with bondholders to repurchase the bonds - probably at a significant premium, however. Of course, if one of the bondholders refuses to sell, there wouldn't be much they can do... (I wonder if Disney holds any of those bonds for this very reason?)