CHICAGO - The Illinois Finance Authority board yesterday advanced plans for more than $1.7 billion of bonding by a dozen borrowers, including the University of Chicago, and hired a new executive director - the state's former top fiscal officer, John Filan.

Gov. Rod Blagojevich, who is responsible for IFA board member appointments, recommended Filan for the vacant director's post. The governor's office released a statement saying Filan was a good fit for the job promoting efforts to create and retain jobs during challenging economic times because of his experience.

Subscribe Now

Independent and authoritative analysis and perspective for the bond buying industry.

14-Day Free Trial

No credit card required. Complete access to articles, breaking news and industry data.