CHICAGO - The Minnesota Legislature this week adjourned its 2009 session during which lawmakers passed a capital bonding package and new rules temporarily allowing the state to use negotiated sales for its debt. However, they failed to reach a budget agreement with Gov. Tim Pawlenty, leaving a $2.7 billion hole to plug.

The Legislature also rejected Pawlenty's proposal to issue about $1 billion of appropriation-backed bonds that were to be repaid with the state's $200 million annual share of tobacco settlement funds.

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