Apply to Invest Surplus Municipal Funds

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.

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.

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.

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 to the LGC:
• personally by emailing, submitting online or delivering;
• by registered mail; or
• by regular mail.

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.

Legislation that applies to municipal investments includes:

• The Cities Act
• The Municipal Board Act
• The Municipalities Act
• The Northern Municipalities Act, 2010