MN SF4214

Expands the definition of "qualifying government" to include self-insurance pools listed under section 471.982, subdivision 3, effective July 1, 2022.

Clarifies that governments with a population of 100,000 or less that lose their highest bond rating category cannot invest additional funds but may continue managing previously invested funds.

Creates new section 118A.10 allowing self-insurance pools to invest in securities specified in section 11A.24, effective the day following final enactment.

Requires self-insurance pool governing bodies to adopt an investment policy resolution acknowledging the risk of loss and understanding the specific investments being made before investing.

Removes requirement that index mutual fund investments through the Minnesota State Board of Investment be made directly with the fund's main sales office.