Modifies provisions relating to the State Treasurer's ability to invest
Second read and referred: Insurance and Banking(S)
Summary
The joint resolution would change the Missouri Constitution to broaden the state treasurer’s investment authority. It lets the treasurer place state and non‑state monies in highly rated municipal bonds and other carefully vetted financial instruments, subject to approval by the governor and state auditor. The measure aims to give the treasurer more flexibility to earn interest on idle funds while maintaining safeguards.
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