The Massachusetts Water Resources Authority voted yesterday to approve the retention of Lazard Freres & Co. as the authority's financial adviser, an authority official said.

The authority's 11-member board of directors voted 9 to 1, with 1 abstention. The selection process was started because the previous contract had expired.

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.