New Jersey will revamp its underwriting pool in the next few weeks, with an eye to bringing in firms that offer transportation financing strategies for the state.

Treasury Department officials are looking to create four levels of banking services, with a senior manager pool of up to 10 firms, a senior co-manager group of five underwriters, and a co-managing pool of roughly 30 firms. Any banks not selected for those three groups may be included in a selling pool, according to the request for qualifications.

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.