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Apply to Invest Surplus Municipal Funds

The Local Government Committee(LGC) approves certain municipal investments.

Below are the steps to apply for approval of a municipal investment.

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1. Overview

Municipalities other than cities may require approval from the LGC to invest the municipality’s surplus money.

The LGC will review and make a decision regarding the application.

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2. Guidance

Cities

A city does not require approval from the LGC to invest surplus municipal money.

Towns, Villages, Resort Villages, Rural Municipalities, and Municipal Districts

If a town, village, resort village, rural municipality, or municipal district would like to invest surplus municipal money in a security other than listed below, the municipality must apply for approval from the LGC:

  • Government of Canada Bonds;
  • Guaranteed Investment Certificates;
  • Saskatchewan municipal securities;
  • Saskatchewan school division securities;
  • deposit certificates; or
  • shares in a corporation.

Northern Towns, Northern Villages, Northern Hamlets, and Northern District

If a northern town, northern village, northern hamlet, or northern district would like to invest surplus municipal money in a security other than listed below, the municipality must apply for approval from the LGC:

  • Government of Canada Bonds;
  • Guaranteed Investment Certificates;
  • Saskatchewan municipal securities;
  • Saskatchewan school division securities; or
  • deposit certificates.
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3. Eligibility

You may apply to the LGC if:

  • your municipality is not a city; and
  • you’d like to invest surplus municipal money in a security other than:
    • Government of Canada Bonds;
    • Guaranteed Investment Certificates;
    • Saskatchewan municipal securities;
    • Saskatchewan school division securities;
    • Deposit certificates; or
    • Shares in a corporation.
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4. How to Apply

If you are eligible to apply:

  1. Complete the application to the LGC and include all required documents listed in the application.. 

  2. Submit the application:
    • personally by emailing, submitting online, or delivering;
    • by registered mail; or
    • by regular mail,
    to the LGC.
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5. Apply

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6. Further Information

Legislation that applies to municipal investments includes:

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