CHICAGO — Minnesota Gov. Mark Dayton signed 12 budget-related bills Wednesday, paving the way for the state’s sale later this summer of $600 million to $700 million of general obligation bonds for capital projects and the fall sale of tobacco bonds to help balance the new $35 billion budget.

In addition to authorizing the sale of between $800 million to $900 million of tobacco bonds for budget relief, the two-year legislative package includes a new $500 million bonding bill and extends for another two years the state’s ability to use negotiated sales on general obligation deals. 

Subscribe Now

Independent and authoritative analysis and perspective for the bond buying industry.

14-Day Free Trial

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