CHICAGO -- The Illinois Development Finance Authority plans to issue $12 million to $16 million of tax-exempt bonds to help build 10 child-care centers in low-income areas as part of an innovative public-private partnership.

Bob Star, a partner and head of public finance at Katten Muchin & Zavis, the bond counsel for the deal, said he was not aware of any other public-private partnerships in the nation that have financed the construction of child-care centers.

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