The Iowa Finance Authority has approved the issuance of nearly $1.2 billion in federal tax-exempt Midwestern Disaster Area bonds to assist in the financing of the construction of a new fertilizer plant near Wever in Lee County. The state was allocated $2.6 billion in bonding authority for Midwestern Disaster Area bonds in 2008 through the Heartland Disaster Tax Relief Act. These are private activity, federal tax-exempt bonds designed to facilitate economic recovery in the 78 Iowa counties that were declared disaster areas in 2008. Additional information is available at www.iowafinanceauthority.gov.