The State of Minnesota sells General Obligation Tax Exempt and Taxable Bonds, State General Fund Appropriation Bonds and certain Revenue Bonds. The proceeds from the sale of General Obligation bonds are used to pay the cost of building the capital projects that are approved by the Legislature. All Revenue Bond and State Appropriation Bond programs are authorized by the Minnesota Statutes to fund specific programs or purposes. Also, under Federal Law certain local government tax-exempt bonds must receive an allocation from the state prior to the issuance. This process is administered by the MMB-Debt Management Division.
The state sells general obligation bonds, state general fund appropriation bonds and certain revenue bonds into the market place.
Minnesota's bond ratings are a measure of the sate's overall financial position.
Bonding Defeasance and Redemption Notices.
Designed to measure and track the debt of the State.
Federal tax law regulates the issuance of tax-exempt bonds for private activity bonds.
An official statement is prepared by the state in connection with a new issue of bonds or certificates and describes the essential terms of the bonds.
Information regarding Municipal Advisor Exemption Notices.
Policy and procedures adopted by MMB to ensure compliance with Internal Revenue Code related to state bonds.
The purpose of this procurement is to promote fair and open competition.
