The 'AA+' on St. Paul Port Authority, Minn.'s series 2002-9 and series 2002-10 lease revenue bonds are secured by lease-rental payments from Minnesota ('AAA' GO debt rating), subject to biennial appropriation. As such, the rating reflects Minnesota's general creditworthiness, good legal provisions, and annual appropriation risk. Pursuant to authorizing legislation, proceeds of the 2002-9 bonds will be used to design, construct, furnish, and equip an office building in St. Paul, Minn. for use by the state departments of agriculture and health. The building will be adjacent to new state laboratory facilities, which will be used by both agencies. Proceeds of the series 2002-10 bonds will be used to design, construct, furnish, and equip an office building and related parking facilities
