The Connecticut State Bond Commission approved two transactions totaling $1.47 billion at a special meeting on Tuesday. Both deals are expected to price before the end of the calendar year.

The offerings include up to $950 million of special tax obligation bonds comprising $600 million of new money and, depending on market conditions, up to $350 million of refunding bonds. The state issues special tax obligation bonds — secured by transportation-related taxes and fees — for transportation projects.

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