Bloomberg story by Shruti Singh and Amanda Albright, includes “… In a surprise to some, these funds can’t be used for debt payments … For states such as Illinois that want to use the money for debt repayment, the large amount of federal aid still gives them ‘ample’ opportunity to do what investors want to improve creditworthiness, said Ty Schoback … ‘We know that within state and local budgets, sources and uses are fairly fungible’ …”