WASHINGTON — The Virginia College Building Authority tomorrow expects to competitively sell $237 million of revenue bonds for nine public higher education institutions, which may lose up to 15% of their state aid this fiscal year.

The colleges and universities will use the proceeds for a variety of projects, including the expansion of gyms, dining facilities, and student centers. Gov. Timothy M. Kaine said in September that Virginia may need to cut state college and university aid by as much as 15% in order to fill a $1.3 billion budget gap for fiscal 2010.

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