New York’s largest recovery zone facility bond deal to date will likely price this week, just under the wire before the tax-exempt private-activity bond program expires.

Late Friday Gov. David Paterson issued an executive order that unused RZFB capacity currently allocated to other issuers that will not be used by the end of the year will be deemed waived and directed the Empire State Development Corp. The New York Liberty Development Corp., a subsidiary of the ESDC, plans to market RZFBs using waived allocations on behalf of Silverstein Properties Inc. for World Trade Center development.

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