Subdivision 1. Application. The definitions in this section apply to sections 118A.01 to 118A.06.
Subd. 2. Government entity. (a) "Government entity" means a county, city, town, school district, hospital district, public authority, public corporation, public commission, special district, any other political subdivision, except an entity whose investment authority is specified under chapter 11A or 356A.
(b) For the purposes of sections 118A.02 and 118A.03 only, the term includes an American Indian tribal government entity located within a federally recognized American Indian reservation.
Subd. 3. Financial institution. "Financial institution" means a savings association, commercial bank, trust company, credit union, or industrial loan and thrift company.
Subd. 4. Public funds. "Public funds" means all general, special, permanent, trust, and other funds, regardless of source or purpose, held or administered by a government entity, unless otherwise restricted.
1996 c 399 art 1 s 2; 1999 c 151 s 39
Structure Minnesota Statutes
Chapters 117 - 119 — Eminent Domain; Local Depositories And Investments
Chapter 118A — Deposit And Investment Of Local Public Funds
Section 118A.01 — Definitions.
Section 118A.02 — Depositories; Investing: Sales, Proceeds, Immunity.
Section 118A.03 — When And What Collateral Required.
Section 118A.04 — Investments.
Section 118A.05 — Contracts And Agreements.
Section 118A.06 — Safekeeping; Acknowledgements.
Section 118A.07 — Additional Investment Authority.
Section 118A.08 — No Superseding Effect.
Section 118A.09 — Additional Long-term Equity Investment Authority.