WASHINGTON — The Virginia Resources Authority on Thursday expects to sell $173.3 million of municipal bonds, including $68.7 million of direct-pay Build America Bonds, in a pooled transaction to make loans to 15 local borrowers for infrastructure and other projects.

The bond proceeds are to be used to by cities, counties, and authorities to help finance projects ranging from correctional facilities to wastewater treatment plants. In addition, some of the proceeds will be used to refinance loans for as many as seven participants.

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