MO SB1019

Increases the investment limit for qualifying hospital boards from 25% to 50% of funds not required for immediate disbursement, and expands allowable investments to include mutual funds (stocks, bonds, real estate), highly-rated bonds with 10-year or less maturity, and money-market investments

Raises the tax revenue threshold for hospitals to qualify for expanded investment authority from 1% to 3% of annual revenues from municipal, county, or state taxes and appropriated municipal funds

Creates new section 206.158 extending the same 50% investment authority and 3% tax revenue threshold to hospital districts organized under Chapter 206

Removes references to Chapters 205 and 206 from restrictions on where Chapter 96 hospitals may operate related facilities in third or fourth classification counties

Removes references to Chapters 96 and 205 from restrictions on where Chapter 206 hospital districts may operate, while permitting continuation or expansion of existing activities