Notwithstanding any other law to the contrary, the state of Minnesota and all its public officers, governmental units, agencies and instrumentalities, all banks, trust companies, savings banks and institutions, savings associations, investment companies, and other persons carrying on a banking business, all insurance companies, insurance associations and other persons carrying on an insurance business, and all executors, administrators, guardians, trustees and other fiduciaries, may legally invest any sinking funds, money, or other funds belonging to them or within their control in any bonds or notes issued pursuant to sections 453A.01 to 453A.12, and the bonds or notes shall be authorized security for any and all public deposits.
1979 c 140 s 10; 1995 c 202 art 1 s 25
Structure Minnesota Statutes
Chapters 451 - 459 — Local Public Utilities, Enterprises
Chapter 453A — Municipal Gas Distribution
Section 453A.02 — Definitions.
Section 453A.03 — Municipal Gas Agencies; Incorporation.
Section 453A.04 — Municipal Gas Agencies; Powers.
Section 453A.05 — Bonds And Notes For Any Corporate Purpose.
Section 453A.06 — Eminent Domain.
Section 453A.07 — Rules And Rates.
Section 453A.08 — City May Join Agency, Exercise Powers.
Section 453A.09 — Construction Contracts.
Section 453A.10 — Authorized Investments; Security For Public Deposits.