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Independent Registered Municipal Advisor (IRMA) 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.


This website is intended to supply general information to the public. We try to ensure the quality and completeness of the information made available on this website but cannot guarantee that the information is accurate. There may be dated information on some pages. The reader should always ensure that the information is up-to-date and accurate before relying on it. You are encouraged to call or email the Minnesota Higher Education Facilities Authority directly to confirm the information provided on this website.

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