CHICAGO — Illinois announced yesterday plans to competitively sell $400 million of new-money general obligation bonds on Sept. 16, the first leg of borrowing to finance shovel-ready road and bridge projects that are part of a $31 billion capital program.

Many of the projects were approved in a mini, so-called Jump Start capital budget lawmakers adopted and Gov. Pat Quinn signed into law in the spring. It was later folded into an overall $31 billion capital works program dubbed Illinois Jobs Now that Quinn signed into law in July.

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