CHICAGO — Minnesota enters the market next week with a small but rare revenue issue for refunding savings. It plans to return on Aug. 7 with $658 million of new-money general obligation bonds to pay for statewide building and transportation projects.

The state will take competitive bids Tuesday on $21 million of Minnesota retirement system building revenue bonds that will refund debt sold in 2000. Kennedy & Graven is bond counsel and Public Financial Management Inc. is financial adviser.

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