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.
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.
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.
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.
4. How to Apply
If you are eligible to apply:
- Complete the application to the LGC and include all required documents listed in the application..
- Submit the application to the LGC:
- personally by emailing, submitting online or delivering;
- by registered mail; or
- by regular mail.
5. Apply
Application to the Local Government Committee
- Step 1 (Saving file): Right-click on "Application to the Local Government Committee" then select "Save Link as..." or "Save Target as..." and save the file to your computer.
- Step 2 (Opening file): Open the PDF using Adobe Acrobat® or Adobe Reader®, version 8 or later.