HB 884 Specifies certain county hospitals may invest up to 15% of their funds in mutual funds

Current Bill Summary

- Prepared by Senate Research -

HCS/HB 884 - This act allows the board of trustees of any authorized county hospital to invest up to 15% of their funds not required for immediate disbursement for obligations or operations into any mutual fund.

The provisions of this act shall only apply if the hospital: (1) is located within a county of the first classification with more than 150,000 but fewer than 200,000 inhabitants and (2) receives less than 1% of its annual revenues from county or state taxes.

This act is substantially similar to SB 545 (2015).


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