MN HF2319

Grants the Metropolitan Council additional investment authority for deposits and investments of public funds, placing it on equal footing with cities over 200,000 population and counties containing such cities.

Authorizes Minnesota joint powers investment trusts to invest in negotiable certificates of deposit and other evidences of deposit with remaining maturity of three years or less from qualifying financial institutions, with specified credit rating requirements.

Expands the Minnesota joint powers investment trust investment scope to include securities described in section 118A.07, subdivision 7.

Permits governmental entities with additional investment authority to enter reverse repurchase agreements for cash flow needs or to generate investment cash, limited to 130 percent of annual daily average general investable monies, with exclusions for short-term and matured securities.

Makes conforming technical changes throughout Chapter 118A by replacing "governmental" with "government" in certain contexts and updating references to investment authorization statutes.