Missouri Revised Statutes
Chapter 110 - Depositaries for Public Funds
Section 110.070 - Bids for depositaries — publication of notice.

Effective - 28 Aug 2004
110.070. Bids for depositaries — publication of notice. — 1. Subject to the provisions of section 110.030, all boards of managers, curators, trustees or other persons by whatever name called, who have the management of any state institution, that have the use or custody of any funds, on or before the first Monday of July for the year in which a bid is requested shall receive sealed proposals from banking corporations, associations, or trust companies in any city, town or county in which the institutions are located which desire to be selected as depositaries of the moneys and funds of the institution. The bids may be for a period of one to four years.
2. Notice that bids will be received shall be published by the secretary of the board at least twenty days before the meeting at which the depositary is to be selected in some newspaper published in the city, town or county at least once in each week.
­­--------
(RSMo 1939 § 9373, A.L. 1959 S.B. 77, A.L. 2004 S.B. 1320)
Prior revisions: 1929 § 8676; 1919 § 12319

Structure Missouri Revised Statutes

Missouri Revised Statutes

Title VIII - Public Officers and Employees, Bonds and Records

Chapter 110 - Depositaries for Public Funds

Section 110.010 - Deposits of public funds to be secured.

Section 110.020 - Securities deposited, amount of.

Section 110.030 - Advertisement for bids unnecessary, when.

Section 110.040 - Depositary outside of territorial limits legal, when.

Section 110.050 - Liability of depositaries.

Section 110.060 - Banks to provide security for certain deposits, when.

Section 110.070 - Bids for depositaries — publication of notice.

Section 110.080 - Bids for depositaries — disclosure of bids a misdemeanor.

Section 110.090 - Selection of depositary — computation of interest — rejected bids.

Section 110.110 - Duty of treasurer.

Section 110.130 - Depositaries of county funds — how selected.

Section 110.140 - Procedure for bidders — disclosure of bids a misdemeanor.

Section 110.150 - Public opening of bids — computation and payment of interest — rejected bids.

Section 110.170 - Transferring funds to depositary — liability of collector-treasurer and depositary — duties of township trustees.

Section 110.180 - Duty of county commission when no bids submitted.

Section 110.190 - Duty of county commission when funds are deposited with two or more banks.

Section 110.200 - County commission may readvertise and relet.

Section 110.210 - Failure to select depositary.

Section 110.230 - Duplicate monthly statements by depositaries.

Section 110.240 - Warrants — checks.

Section 110.250 - Depositary to provide additional security, when.

Section 110.260 - County treasurer exempt from liability, when.

Section 110.270 - Counties may place money not needed for current operations outright or by repurchase agreement, requirement.