CHICAGO –The Illinois Finance Authority plans to sell $134.5 million of top-rated state revolving fund bonds as soon as next week in a deal that marks the state’s first SRF borrowing in nine years and ushers in a new master trust indenture to support an expanded $1 billion loan program.

Gov. Pat Quinn last year announced the Clean Water Initiative, expanding the program to $1 billion from $300 million. The program is promoted as an affordable means for local governments across the state to overhaul the state’s aging clean water and wastewater infrastructure.

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