Counties in New York could band together to sell taxable Build America Bonds in a pooled financing, according to an organization that represents counties in the state.

"The Build America Bonds and direct payment subsidy is something that is gaining increasing interest, and we're looking at perhaps structuring a financing mechanism to provide that as an option," said Stephen Acquario, executive director of the New York State Association of Counties. "As the counties continue to contact us about this, there may an opportunity to do a pooled transaction to help move it along."

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