CHICAGO — The Illinois Finance Authority advanced more than $345 million in new-money and refunding issues for health care, higher education and cultural institutions as well as the second phase of financing for an intermodal rail-transfer facility under a federal program.

The CenterPoint Joliet Terminal Railroad LLC won final approval for its sale of up to $80 million of surface freight facilities tax-exempt revenue bonds. The issue has an allocation under the U.S. Department of Transportation’s freight transfer facility revenue bond program established in 2005 in the SAFETEA-LU Act that allows an initial $15 billion in private-activity bonds for qualified projects.

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