HJR 018 (Truly Agreed) Investment of State Funds
Bill Summary

HJR 18 - This amendment to Article IV, Section 15 of the Missouri Constitution will allow the State Treasurer to invest state funds not needed for current operating expenses in bankers' acceptances and commercial paper issued by domestic entities. Such investment would be limited to issues possessing the highest rating and maturing within one hundred and eighty days.

The Treasurer would also be required to prepare a comprehensive written investment policy.
DENISE GARNIER

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