CHICAGO — Minnesota is seeking underwriters for a summer sale of $50 million of revenue bonds in what is likely the final state financing needed to fund a statewide digital-radio communications system for public safety personnel.
The state is accepting proposals through March 28. Mark Ruff and Jonathan North of Ehlers are its financial advisers on the emergency system revenue bond program. Kennedy & Graven lawyers John Utley and Steve Bubul are bond counsel. The bonds are secured by a gross pledge of the 911 fees paid by telephone and cellphone users.