On Oct. 25, 2023 Minnesota Management and Budget sold $454 million in State of Minnesota Certificates of Participation to finance the design, renovation, expansion and equipping of the State Office Building and $26 million in State of Minnesota Taxable General Fund Appropriation Bonds for public infrastructure projects in the Duluth Regional Exchange District.

The sale results:

• $454,175,000 State of Minnesota Certificates of Participation sold at 4.39 percent interest.
• $26,080,000 State of Minnesota Taxable General Fund Appropriation Bonds sold at 5.91 percent interest.

Kutak Rock LLP served as bond counsel for both transactions.