CHICAGO — The Metropolitan St. Louis Sewer District will exhaust its remaining borrowing authority next month when it competitively bids $52 million of revenue bonds, but the agency hopes to return to the market by spring if voters grant $945 million in new bond authority.

The new authorization, tentatively slated to go before voters in February, would finance projects in a four-year, $1.9 billion capital program that’s part of a larger $4.7 billion series of projects to be completed over the next two decades under a consent degree MSD reached with federal authorities in June.

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