Missouri HJR159 proposes amending the state constitution to allow the state treasurer to invest in high-rated municipal securities and other prudent.
Missouri HJR159 seeks to amend the state constitution to expand the state treasurer's investment options. The proposed amendment would allow the treasurer to invest in municipal securities with high credit ratings and in other reasonable and prudent financial instruments as provided by law. The amendment also includes provisions for the safekeeping and disbursement of state funds, ensuring that banking institutions provide satisfactory security for state and U.S. funds. This change aims to enhance the state's investment strategy and financial management.
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- Overview
- Core Provisions
- Implementation
- Impact
- Legal Framework
- Critical Issues
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