The line of credit Gov. Tim Pawlenty’s administration set up to keep Minnesota from running short of cash will cost the state nearly $1.6 million even if it’s never used, documents obtained by The Associated Press show. State leaders signed off last week on the $600 million line from four lenders led by Minneapolis-based U.S. [...]
Minn.’s credit line
Minn.'s credit line
The line of credit Gov. Tim Pawlenty’s administration set up to keep Minnesota from running short of cash will cost the state nearly $1.6 million even if it’s never used, documents obtained by The Associated Press show. State leaders signed off last week on the $600 million line from four lenders led by Minneapolis-based U.S. [...]