The New York State Thruway Authority authorized up to $1 billion of bonds secured by the state’s second general resolution dedicated highway and bridge trust fund at its monthly board meeting yesterday.

The deal consists of up to $600 million of new money and up to $400 million of refunding. It is expected to price next month. Some or all of the issue may sold as taxable Build America Bonds, chief financial officer John Bryan said at the board meeting.

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