ATLANTA -- The Lee County, Fla., commissioners board Wednesday rejected Donaldson, Lufkin & Jenrette Securities Corp. as lead manager for a $20 million road bond issue because of concerns about the firm's involvement in the Bill Collins extortion trial in Kentucky.

The move to throw out the county staff s March recommendation that Donaldson Lufkin be chosen book-runner for the gas tax refunding deal came on a 4-to-1 vote, according to commissioner Doug St. Cerny. Commission chairman John Manning was the lone board member favoring a contract with Donaldson, St. Cerny said.

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