CHICAGO - Underwriters interested in working on possible negotiated sales of general obligation issues for Minnesota over the next two years have until July 28 to submit their proposals to the state.

The RFP marks a first for the state involving its GO issues. Its statutes previously required that GOs be sold competitively, but debt manager Kathy Kardell won authority from the Legislature earlier this year to use the negotiated method over the course of the fiscal 2010-11 biennium that runs through June 30, 2011, due to market turmoil.

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