DENVER -- The Utah legislative auditor has recommended that the Utah Finance Cooperative Board sever its exclusive underwriting relationship with Dougherty, Dawkins, Strand & Bigelow Inc.

Stating that the cooperative could "better protect the interest of member school districts," the legislative auditor recommended using a more competitive process for school districts issuing debt through the $53 million state loan pool.

Limited Time Offer

Save $400 off your subscription. Special offer ends April 30, 2017.

14-Day Free Trial

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