MO SB1039

Authorizes boards of trustees of qualifying municipal hospitals to invest up to 25% of funds not needed for immediate disbursement or operations in U.S. investment grade fixed income funds or diversified stock funds

Only applies to hospitals established under sections 96.150 to 96.229 of Missouri law

Eligibility limited to hospitals receiving less than 1% of annual revenues from municipal, county, or state taxes

Eligibility also requires hospitals receive less than 1% of annual revenue from appropriated funds from the municipality where the hospital is located