DALLAS -- Texas may modify its oversubscribed private-activity bond allocation system to devote more to issues approved by state voters and create a new set-aside for multifamily housing projects, state officials said.

A new report, prepared by the Texas Bond Review Board, cites recommendations made by issuers, bond lawyers, and investment bankers. It focuses on six mostly technical adjustments -- not major policy changes -- in how the state uses its $852.9 million allocation.

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