Minnesota § 118A.10 SELF-INSURANCE POOLS; ADDITIONAL INVESTMENT AUTHORITY

Minnesota Statutes

§ 118A.10 — SELF-INSURANCE POOLS; ADDITIONAL INVESTMENT AUTHORITY

Minnesota § 118A.10

PartEMINENT DOMAIN; LOCAL DEPOSITORIES AND INVESTMENTS

Ch. 118ADEPOSIT AND INVESTMENT OF LOCAL PUBLIC FUNDS

This text of Minnesota § 118A.10 (SELF-INSURANCE POOLS; ADDITIONAL INVESTMENT AUTHORITY) is published on Counsel Stack Legal Research, covering Minnesota primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook

Minn. Stat. § 118A.10 (2026).

Text

Subdivision 1.Definition. For the purposes of this section, "qualifying government" means a self-insurance pool listed in section471.982, subdivision 3. Subd. 2.Additional investment authority.

(a)A qualifying government may invest in the securities specified in section11A.24, with the exception of specific investments authorized under section11A.24, subdivision 6, paragraph (a), clauses (1) to (5).

(b)Investments authorized under this section are subject to the limitations under section11A.24.

(c)A qualifying government may invest with the State Board of Investment subject to the terms and minimum amounts adopted by the State Board of Investment. Subd. 3.Approval. Before investing pursuant to this section, the governing body of a qualifying government must adopt an investment policy

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Subdivision 1.Definition.
For the purposes of this section, "qualifying government" means a self-insurance pool listed in section471.982, subdivision 3.

Subd. 2.Additional investment authority.
(a) A qualifying government may invest in the securities specified in section11A.24, with the exception of specific investments authorized under section11A.24, subdivision 6, paragraph (a), clauses (1) to (5).
(b) Investments authorized under this section are subject to the limitations under section11A.24.
(c) A qualifying government may invest with the State Board of Investment subject to the terms and minimum amounts adopted by the State Board of Investment.

Subd. 3.Approval.
Before investing pursuant to this section, the governing body of a qualifying government must adopt an investment policy pursuant to a resolution that includes both of the following statements:
(1) the governing body understands that investments under this section have a risk of loss; and
(2) the governing body understands the type of funds that are being invested and the specific investment itself.