CHICAGO – The Wisconsin Building Commission approved more than $1 billion of new money and refunding general obligation bonding authority Wednesday, the first state debt issues that should benefit from a new rating upgrade.

Capital finance director David Erdman said he expects to bring a new money sale for about $300 million to market in the fall with the timing on refunding issues more uncertain as they are driven by market conditions. The commission authorized up to $745 million for refunding purposes.

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