AGENDA ITEM 14b - Response 1 LEGISLATIVE-CITIZEN COMMISSION ON MINNESOTA RESOURCES From: jennifer.hassemer@state.mn.us Subject: RE: Environmental Trust Fund Appropriation Bonds Date: October 5, 2018 Greetings, I wanted to provide a quick update to my email from earlier this summer regarding the ENRTF state appropriation bond sale. In light of the lawsuit that has been brought against the state challenging the constitutionality of using the ENRTF to support appropriation bonds, MMB is delaying plans to conduct a bond sale for the time being and until the litigation is resolved. We continue to evaluate the contents of the complaint and will work with the AG’s office who will be representing us in this matter. Please let me know if you have any questions. Thanks, Jen Jennifer Hassemer Assistant Commissioner | Debt Management Division 651-201-8079 (office)