BRADENTON, Fla. - Florida officials on Thursday selected 12 firms from 39 that applied to become part of the state's new underwriting pool for the next two years.

A syndicate from the pool will be selected for negotiated transactions if volatile market conditions prevent bonds from being sold competitively, Division of Bond Finance director Ben Watkins told the State Board of Administration Board of Trustees, which oversees his agency.

Subscribe Now

Independent and authoritative analysis and perspective for the bond buying industry.

14-Day Free Trial

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