MN SF2255

Adds the Metropolitan Council to the list of governmental entities eligible for additional investment authority under Minnesota Statutes section 118A.07, alongside cities with populations exceeding 200,000 and counties containing such cities.

Authorizes Minnesota joint powers investment trusts to invest in negotiable certificates of deposit with remaining maturities of three years or less from banks and savings institutions meeting specified credit rating requirements.

Expands reverse repurchase agreement authority to all eligible governmental entities (rather than only counties) to meet cash flow needs or generate cash for investments, with total securities limited to 130 percent of annual daily average general investable monies.

Allows the Metropolitan Council to invest public funds under all provisions of chapter 118A rather than restricting investment authority to section 118A.04 only.

Makes conforming technical changes to terminology, replacing "governmental" with "government" in certain instances throughout the statutes.