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The state of Minnesota is proceeding with plans to establish a $600 million line of credit to get through the cash-poor months ahead. And while Minnesota Management and Budget Department Commissioner Tom Hanson said on Tuesday that he doesn't want to call on the state's banker to get a short-term loan, he also conceded that his department might need to tap into the state's line of credit with U.S. Bank before the end of 2010.

Minnesota may need to borrow before end of 2010

The state of Minnesota is proceeding with plans to establish a $600 million line of credit to get through the cash-poor months ahead. And while Minnesota Management and Budget Department Commissioner Tom Hanson said on Tuesday that he doesn't want to call on the state's banker to get a short-term loan, he also conceded that his department might need to tap into the state's line of credit with U.S. Bank before the end of 2010.

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