H.J.Res.189

Missouri HJR189 proposes a constitutional amendment to establish a sovereign wealth fund for the state.

Missouri HJR189 proposes a constitutional amendment to create a permanent public endowment fund known as the "Show-Me Prosperity Fund." The fund aims to achieve long-term fiscal stability and eventually replace state-imposed taxes. The fund will be invested under a total-return strategy and its balance and investment performance will be updated quarterly on a state-run database. The principal of the fund cannot be appropriated for any purpose other than replacing state taxes. The fund will be audited by the state auditor to ensure compliance with the provisions.