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The Local Government Committee (LGC) approves certain municipal investments.
Below are the steps to apply for approval of a municipal investment.
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.
A city does not require approval from the LGC to invest surplus municipal money.
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:
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:
You may apply to the LGC if:
If you are eligible to apply:
Application to the Local Government Committee
Legislation that applies to municipal investments includes:
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