Modifies the authority of the Missouri state treasurer to invest state funds.
This bill proposes an amendment to the Missouri Constitution to modify the authority of the state treasurer regarding investments. It allows the treasurer to invest in various financial instruments, including repurchase agreements, banker's acceptances, commercial paper, and municipal securities, subject to certain credit rating and maturity requirements. The bill also specifies that nonstate funds, such as taxes collected by the Department of Revenue, will be managed by that department. The amendment will be put to a vote in the next general election.
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- Overview
- Core Provisions
- Implementation
- Impact
- Legal Framework
- Critical Issues
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