CHICAGO – Plans for the Iowa Fertilizer Co. to tap up to $1.2 billion of Midwestern Disaster Area Bond financing through the Iowa Finance Authority for its proposed nitrogen fertilizer plant are advancing with a public hearing on the financing slated for next week.

The required hearing is scheduled for Thursday, a day after the authority board’s regular board meeting. With the federal private-activity revenue bond program set to expire at the end of the year, the board is expected to hold a special meeting to approve the financing soon after the hearing, said IFA community development director Lori Beary.

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