WASHINGTON - The Virginia Resources Authority plans to issue $219 million of infrastructure revenue bonds under its pooled financing program next week in a negotiated deal to finance water, transportation, and other projects for eight new localities in their program.

"This is the largest [deal] in our pooled financing program, by double," said Sheryl D. Bailey, executive director of the VRA. "What we have found is that the request from localities for assistance, in terms of access to the capital markets, has more than tripled from previous levels."

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