Pennsylvania is gearing up to issue at least $2 billion of general obligation debt via competitive bid before the end of the calendar year as officials keep a wary eye on the possible expiration of the Build America Bond program.

Rick Dreher, director of the bureau of revenue, cash flow, and debt, said his team is working on a $1 billion tax anticipation GO note deal and a $400 million GO refunding sale tentatively set for the first week in October, depending on interest rates.

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