Effective - 28 Aug 1992
103.036. Benefit trust fund account to be established by board, purpose — powers of board to carry out duties. — The board shall set up and maintain a benefit trust fund account in which shall be placed all payroll deductions, payments, and income from all sources. All property, money, funds, investments, and rights which shall belong to or be available for expenditure or use by the plan shall be dedicated to and held in trust for the members and for the purposes herein set out and no other. The board shall have power, in the name and on behalf of the plan, to purchase, acquire, hold, invest, lend, lease, sell, assign, transfer, and dispose of all property, rights, and securities, and enter into written contracts as may be necessary and proper to carry out its duties.
--------
(L. 1992 H.B. 1574 § 1 subsec. 16)
Structure Missouri Revised Statutes
Title VIII - Public Officers and Employees, Bonds and Records
Chapter 103 - Health Plan for State Employees
Section 103.003 - Definitions.
Section 103.014 - Executive director appointed by board, not to be board member — powers and duties.
Section 103.019 - Staff salaries to be set by board.
Section 103.020 - Summons and writs to be served on executive director.
Section 103.023 - Actuary or actuarial firm to give technical advice.
Section 103.025 - Annual audit of records and accounts by CPA.
Section 103.029 - Attorney at law may be employed for legal advice and representation.
Section 103.045 - Meetings of board, held where and how set — notice to board members.
Section 103.057 - False statement or falsifying record of plan, penalty.
Section 103.059 - Rules authorized, duties of board.
Section 103.064 - Subpoena of witnesses or production of records, powers of board.
Section 103.070 - Tax exemptions for plan's assets.
Section 103.078 - Foster parents permitted to purchase, when.
Section 103.089 - Medicare benefits participants, effect.
Section 103.141 - Participating agencies and political subdivisions, persons eligible for plan.
Section 103.158 - Premiums to be paid by participating agencies — deposit into fund.