WASHINGTON -- States will be able to issue a total of almost $14.5 billion of tax-exempt private-activity bonds under volume caps in 1992 -- about $186 million, or 1.3%, more than in 1991, according to a Washington-based research group.

Federal Funds Information for States, which tracks information affecting state budgets, said Friday that volume caps on these bonds will rise in 21 states, fall in seven states, and remain unchained in 22 states and the District of Columbia, based on 1991 population data released late Thursday by the Census Bureau.

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