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Illinois Finance Authority The Illinois Finance Authority (IFA) is a self-financed, state authority principally engaged in issuing taxable and tax-exempt bonds, making loans, and investing capital for businesses, non-profit corporations, agriculture and local government units statewide. IFA approves about $3 billion in project financing each year—projects approved in 2004 are expected to generate over 3,600 new permanent jobs and another 7,700 construction jobs in Illinois when completed.
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