MO SB545

Authorizes boards of trustees of county hospitals organized under sections 205.160 to 205.340 to invest up to 15% of funds not needed for immediate disbursement or operations into mutual funds

Eligible mutual funds include investment companies where shareholders combine money to invest in stocks, bonds, and money-market investments

Applies only to hospitals located in first classification counties with populations between 150,000 and 200,000 inhabitants

Hospitals must receive less than 1% of annual revenues from county or state taxes to qualify

Adds new section 205.165 to Chapter 205 of the Missouri Revised Statutes