When Stamford, Conn., puts $50 million of general obligation bonds out for competitive bidding next week, underwriters will have the option of buying the debt as either taxable Build America Bonds or tax-exempts.

The bonds will be awarded as all tax-exempt or taxable based on the lowest true interest cost as of the dated date, according to the preliminary official statement. The city has elected to take the 35% interest subsidy that the U.S. Treasury provides to the issuer.

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