WASHINGTON - The amount of private-activity bonds that can be issued under the volume cap will inch up to $14.722 billion in 1994, an increase of less than 1% from the 1993 level of $14.599 billion, Census Bureau population figures show.

The $122.6 million increase in the 1994 volume cap is a slightly smaller rise than the $126 million increase for 1993. The 1994 rise, like that for 1993, is spread evenly across a wide number of states, with the largest gains in Colorado, Arizona, and Georgia.

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