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Independent Municipal Advisor Exemption

By publicly posting the following written disclosure, the Minnesota Higher Education Facilities Authority (the “Authority”) intends that market participants receive and use it for purposes of the independent registered municipal advisor exemption to the SEC Municipal Advisor Rule.

The Authority has retained an independent registered municipal advisor.  The Authority is represented and will rely on its municipal advisor, Baker Tilly Municipal Advisors, LLC to provide advice on proposals from financial services firms concerning the issuance of municipal securities and municipal financial products (including investments of bond proceeds and escrow investments).  This certificate may be relied upon until September 30, 2020.