CHICAGO — With several large Midwestern disaster-area bond deals in the pipeline, the Iowa Finance Authority might come close to tapping all of its allowance under the 2008 federal program before it expires at the end of the year.

The $14.6 billion disaster program permits the use of tax-exempt bonds for qualified privately owned projects aimed at generating jobs and economic activity in certain Midwestern counties that saw severe weather-related damage in 2008. The private-activity revenue bonds must be sold by the end of 2012.

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