DALLAS — Expansion of the bank-qualified bond criteria designed to spur borrowing by small local governments seems to have been effective.

A total of $17.57 billion of bank-qualified bonds were sold through 3,211 issues in the first six months of 2010, according to figures from Thomson Reuters. That is a 5% increase from $16.73 billion in bank-qualified debt sold in the same period last year in 3,101 issues.

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