Massachusetts lawmakers Monday will debate whether to extend the state’s general obligation pledge for a second time on five costly Massachusetts Turnpike Authority derivatives with UBS Securities LLC as counterparty.

A Special House Committee on Transportation will hold a public hearing and is set to vote on the initiative Monday, according to Ashley Allen, spokeswoman for Rep. Joseph Wagner, D-Hampden, who chairs the panel.

Subscribe Now

Independent and authoritative analysis and perspective for the bond buying industry.

14-Day Free Trial

No credit card required. Complete access to articles, breaking news and industry data.