128D.17 INVESTMENTS.
The school board may invest any funds not currently needed by the district in bonds of
the state of Minnesota, or in bonds of any county, city, home rule charter or statutory city,
or school district in Minnesota, or in bonds of the United States, or in United States Treasury
bills, certificates of indebtedness, or Treasury notes, all of which must mature within one year
from the date of purchase.
History: 1959 c 462 s 5