Finance officials of the Palm Beach County, Fla., Solid Waste Authority said yesterday they are reconsidering an advance refunding proposed by Smith Barney, Harris Upham & Co. after concerns emerged that the deal may be too risky.

At issue for the authority is the deal's swap component, and the possibility that this leg of the transaction would be canceled under certain legal and market conditions.

Limited Time Offer

Save $400 off your subscription. Special offer ends April 30, 2017.

14-Day Free Trial

No credit card required. Complete access to articles, breaking news and industry data.