SB 284 - Hegeman, Dan
Authorizes county commissions that are trustees for a cemetery trust fund to utilize investment managers to invest, reinvest, and manage fund assets
Bill Details
Sponsor
LR Number
1181S.02C
Title
SCS SB 284
House Handler
N/A
Journal Page
N/A
Effective Date
August 28, 2017
Committee
Current Status
Informal Calendar S Bills for Perfection--SB 284-Hegeman, with SCS
Quick Links
Amendments
No amendments available
CURRENT BILL SUMMARY
SCS/SB 284 - 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/HB 51 (2017) and to provisions contained in SCS/HB 568 (2017), and is similar to HCS/HB 2272 (2016).
JAMIE ANDREWS