BRADENTON, Fla. — Florida sold its first competitively bid taxable Build America Bonds last week, saving the state a considerable sum, said Ben Watkins, who has now become a solid believer in the federal stimulus bond program.

Watkins, director of the Florida Division of Bond Finance, was an early skeptic who felt the BAB structure would not be attractive to some muni bond issuers. But after the most recent of several successful BAB sales, Watkins said he’s changed his mind.

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