State of Minnesota Bonds

The State of Minnesota issues bonds for the purpose of financing all or a portion of the cost of certain programs and capital projects, including education facilities, parks, pollution control facilities, transportation, natural resources and agricultural enterprises.

General Obligation Bonds – Are issued for the purpose of financing all or a portion of the cost of certain programs and capital projects, including education facilities, parks, pollution control facilities, transportation, natural resources and agricultural enterprises.

911 Revenue Bonds – Are issued to finance portions of the system backbone of a statewide radio system plan, which enables emergency response organizations to utilize a single, integrated, and highly structured digital radio communications system.  The statewide radio system is known as the Allied Radio Matrix for Emergency Response System (the “ARMER System”).  Phases 1 and 2 provided nine counties in the Minneapolis-Saint Paul metropolitan area with the radio system infrastructure for the ARMER System.  Phase 3 extended the ARMER System to the St. Cloud and Rochester State Patrol districts which encompass twenty-three (23) counties.  Phases 4, 5 and 6 extend the ARMER System to the remaining counties of the State.

This website contains information that can help individual investors understand the State’s bond issues and decide if investing in Minnesota bonds makes sense for them.  Please refer to the Preliminary Official Statement before making investing decisions.

Thank you for your interest.

James Schowalter, Commissioner of Management & Budget
Kristin Hanson, Assistant Commissioner of Management & Budget

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