ATLANTA - The Municipal Electric Authority of Georgia has approved the sale of about $440 million of revenue bonds next week to advance refund $402.4 million of existing debt, the authority's head of finance said yesterday.

Ronald O. Vasquez, vice president of financial services, said that MEAG's board of directors on Monday decided to move quickly with the deal to take advantage of available 1993 Georgia private-activity bond allocation, which expires Dec. 31.

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