CHICAGO — The Illinois Finance Authority has expanded conduit powers to issue debt on behalf of nonprofits for projects outside state borders under legislation signed this week by Illinois Gov. Pat Quinn.

“I’m committed to keeping Illinois competitive, using every tool at my disposal to expand businesses headquartered in our state and to encourage others to locate and do business here,” the governor said in a statement. “This bill is yet another way to make it clear that Illinois means business.”

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