CHICAGO — Ohio will take competitive bids Wednesday on $300 million of general obligation bonds to finance capital projects for schools across the state.

The finance team circulated a supplement to preliminary bond documents warning investors to consider possible negative impacts tied to recent legislation affecting tax-exempt issuance. The supplement cited President Obama’s proposal, as part of his American Jobs Act, to cap the amount of interest that can be excluded from taxation as well as similar legislation that could be considered by Congress or even the Ohio Legislature.

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