CHICAGO — Triple-A rated Hennepin County, Minn., today competitively sells $80 million of new-money general obligation bonds to raise funds for an ongoing five-year capital program that was scaled down to $757 million from $900 million to help address a budget crunch.

The county, which includes Minneapolis, will issue tax-exempt debt for maturities through 2018 and taxable Build America Bonds for maturities between 2019 and 2029, according to Hennepin investment and debt manager John Villerius. The county will apply for the federal government’s direct-pay interest subsidy.

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