HB 51 Authorizes county commissions that are trustees for a cemetery trust fund to utilize investment managers to invest, reinvest, and manage fund assets
Sponsor: Hegeman
LR Number: 0481S.02T Fiscal Notes
Committee: Local Government and Elections
Last Action: 6/20/2017 - Signed by Governor Journal Page:
Title: SCS HB 51 Calendar Position:
Effective Date: August 28, 2017
House Handler: Andrews

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Current Bill Summary


SCS/HB 51 - This act authorizes county commissions that are trustees for a cemetery trust fund to utilize investment managers to invest, reinvest, and manage fund assets. The responsibilities and requirements for investment managers are detailed in the act. The investments cannot be otherwise prohibited by the Missouri Constitution, Article VI, Section 23.

This act is identical to SCS/SB 284 (2017), identical to provisions contained in SCS/HB 568 (2017), and similar to HCS/HB 2272 (2016).

JAMIE ANDREWS