MN HF4345

Expands the definition of "qualifying government" to include self-insurance pools listed in section 471.982, subdivision 3, allowing them to invest funds under section 118A.09.

Self-insurance pools formed under section 471.982 may invest in securities specified in section 11A.24, providing broader investment authority than previously available.

Requires self-insurance pools to adopt an investment policy by resolution before investing, including acknowledgment that investments carry risk of loss and understanding of the specific funds and investments.

Clarifies that counties and cities with populations of 100,000 or less that lose their highest bond rating cannot invest additional funds but may continue managing previously invested funds.

All provisions are effective the day following final enactment.