CHICAGO -- The Ohio Air Quality Development Authority unanimously passed a resolution Tuesday that gives preliminary approval for issuing up to $835 million of tax-exempt and taxable bonds to finance air pollution control equipment at an investor-owned power plant.

Mark Shanahan, the authority's executive director, said the resolution on behalf of American Electric Power, the owner of the plant, is an agreement to issue the bonds if the utility decides to install pollution scrubber equipment at its Gavin plant.

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