DALLAS — The Louisiana State Bond Commission allocated the state’s remaining $232.7 million of Gulf Opportunity Zone bonds Thursday to three applicants that had sought the right to issue $700 million of the tax-exempt private-activity debt.

The amount of bond capacity available for allocation can change significantly as sponsors of large projects return authorized but unsold allocations to the state. For example, the commission previously exhausted its allocation by handing out $187 million of GO Zone bond capacity earlier this month.

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