CHICAGO — After an eight-year lull in state revolving fund borrowing, Illinois is poised to return to the market next year to fund low-cost loans to municipalities under a $1 billion Clean Water Initiative launched by Gov. Pat Quinn.

Quinn is touting the expanded state revolving fund program — from $300 million to $1 billion — as both an affordable means to overhaul the state’s aging clean water and wastewater infrastructure and as an economic boost that will create 28,500 jobs.

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