Section 118A.04 — Investments.
118A.04 INVESTMENTS. Subdivision 1. What may be invested. Any public funds, not presently needed for other purposes or restricted for other purposes, may be invested in the manner and subject to the conditions provided for in this section. Subd. 2. United States securities. Public funds may be invested in governmental bonds, notes, bills, mortgages (excluding […]
Section 118A.05 — Contracts And Agreements.
118A.05 CONTRACTS AND AGREEMENTS. Subdivision 1. May enter into. In addition to other authority granted in sections 118A.01 to 118A.06, government entities may enter into contracts and agreements as follows. Subd. 2. Repurchase agreements. Repurchase agreements consisting of collateral allowable in section 118A.04, and reverse repurchase agreements may be entered into with any of the […]
Section 118A.06 — Safekeeping; Acknowledgements.
118A.06 SAFEKEEPING; ACKNOWLEDGEMENTS. (a) Investments, contracts, and agreements may be held in safekeeping with: (1) any Federal Reserve bank; (2) any bank authorized under the laws of the United States or any state to exercise corporate trust powers, including, but not limited to, the bank from which the investment is purchased; (3) a primary reporting […]
Section 118A.07 — Additional Investment Authority.
118A.07 ADDITIONAL INVESTMENT AUTHORITY. Subdivision 1. Authority provided. As used in this section, “governmental entity” means a city with a population in excess of 200,000, a county that contains a city of that size, or the Metropolitan Council. If a governmental entity meets the requirements of subdivisions 2 and 3, it may exercise additional investment […]
Section 118A.08 — No Superseding Effect.
118A.08 NO SUPERSEDING EFFECT. Except as provided in Laws 1996, chapter 399, article 1, section 11, sections 118A.01 to 118A.06 shall not supersede any general or special law relating to the deposit and investment of public funds. History: 1996 c 399 art 1 s 9
Section 118A.09 — Additional Long-term Equity Investment Authority.
118A.09 ADDITIONAL LONG-TERM EQUITY INVESTMENT AUTHORITY. Subdivision 1. Definition; qualifying government. “Qualifying government” means: (1) a county or statutory or home rule charter city with a population of more than 100,000; (2) a county or statutory or home rule charter city which had its most recently issued general obligation bonds rated in the highest category […]
Section 118A.03 — When And What Collateral Required.
118A.03 WHEN AND WHAT COLLATERAL REQUIRED. Subdivision 1. For deposits beyond insurance. To the extent that funds on deposit at the close of the financial institution’s banking day exceed available federal deposit insurance, the government entity shall require the financial institution to furnish collateral security or a corporate surety bond executed by a company authorized […]
Section 117.41 — Conveyance, To Whom Made.
117.41 CONVEYANCE, TO WHOM MADE. Upon acquiring title to these lands and premises, whether by purchase or condemnation, such corporation shall make due conveyance thereof to the United States, the state of Minnesota, or other governmental authority mentioned in section 117.38. Likewise, any municipal corporation having any interest in the lands or premises may, upon […]
Section 117.47 — Permits; Licenses.
117.47 PERMITS; LICENSES. The commissioner of natural resources may grant permits and licenses or leases on and across lands owned by the state to any corporation or association engaged in or preparing to engage in the business of mining and beneficiating taconite as defined in section 298.001, subdivision 4, or semitaconite as defined in section […]
Section 117.471 — Easements Over Tax-forfeited Lands, Approval.
117.471 EASEMENTS OVER TAX-FORFEITED LANDS, APPROVAL. Any easements over tax-forfeited lands granted by the county board of any county under section 117.47, shall be subject to the condition that it be approved by the commissioner of natural resources. History: 1955 c 814 s 1; 1969 c 1129 art 3 s 1