Cities
A city does not require approval from the LGC to invest surplus municipal money.
Towns, Villages, Resort Villages, Rural Municipalities, and Municipal Districts
If a town, village, resort village, rural municipality or municipal district would like to invest surplus municipal money in a security other than listed below, the municipality must apply for approval from the LGC:
- Government of Canada Bonds;
- Guaranteed Investment Certificates;
- Saskatchewan municipal securities;
- Saskatchewan school division securities;
- deposit certificates; or
- shares in a corporation.
Northern Towns, Northern Villages, Northern Hamlets, and Northern District
If a northern town, northern village, northern hamlet, or northern district would like to invest surplus municipal money in a security other than listed below, the municipality must apply for approval from the LGC:
- Government of Canada Bonds;
- Guaranteed Investment Certificates;
- Saskatchewan municipal securities;
- Saskatchewan school division securities; or
- deposit certificates.