SB 997 - Crowell, Jason
Removes certain limitations from investments made by boards of trustees of police and firemen's retirement systems
Bill Details
Sponsor
LR Number
4101S.01I
Title
SB 997
House Handler
N/A
Journal Page
N/A
Effective Date
August 28, 2008
Current Status
S Informal Calendar S Bills for Perfection--SB 997-Crowell
Quick Links
Amendments
No amendments available
CURRENT BILL SUMMARY
SB 997 - Currently, investments made by boards of trustees of police and firemen's retirement systems are subject to all terms, conditions, limitations, and restrictions imposed upon life insurance or casualty companies in making their investments. This act removes those terms, conditions, limitations, and restrictions and requires the board to invest the funds of the systems as permitted by Sections 105.687 to 105.690, RSMo, regarding the duties of investment fiduciaries.
This act is similar to provisions in SB 66 (2007) and identical to HB 2055 (2008).
ALEXA PEARSON