ATLANTA -- In the first application of proposed rules curbing campaign activity by municipal market participants, the Florida Housing Finance Agency last week named a slate of 12 investment bankers for its upcoming tax-exempt deals.

Each of the firms tapped to underwrite the $250 million in bonds the agency plans to sell this summer was chosen on the condition that it pledge not to give money to state-level political candidates, Mark Hendrickson, the agency's director, said Friday.

Subscribe Now

Access to authoritative analysis and perspective and our data-driven report series.

14-Day Free Trial

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