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MO HB884

Bill

Official Source

Status

Engrossed

4/27/2015

Primary Sponsor

Caleb Rowden

Click for details

Origin

House of Representatives

2015 Regular Session

AI Summary

  • Authorizes hospital boards of trustees to invest up to 15% of funds not needed for immediate disbursement or operations into mutual funds containing stocks, bonds, and money-market investments

  • Applies only to hospitals organized under sections 205.160 to 205.340 of Missouri statutes

  • Limits eligibility to hospitals located in first classification counties with populations between 150,000 and 200,000 inhabitants

  • Requires eligible hospitals to receive less than 1% of annual revenues from county or state taxes

Legislative Description

Specifies certain county hospitals may invest up to 15% of their funds in mutual funds

Last Action

Public Hearing Held (S)

5/6/2015

Committee Referrals

Select Committee on General Laws3/19/2015
Emerging Issues2/24/2015

Full Bill Text

No bill text available