Effective - 28 Aug 2018, 2 histories
110.080. Bids for depositaries — disclosure of bids a misdemeanor. — 1. Any banking corporation, association or trust company in the city desiring to bid shall deliver to the secretary of the board on or before twelve o'clock noon on the day of the meeting at which the depositary is to be selected a sealed bid stating the rate of interest that it offers to pay on the funds and moneys of the institution for the term of up to four years next ensuing the date of the bid.
2. It is a misdemeanor for the secretary of the board to directly or indirectly disclose the amount of any bid before the selection of the depositary or depositaries.
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(RSMo 1939 § 9374, A.L. 1959 S.B. 77, A.L. 2004 S.B. 1320, A.L. 2018 H.B. 1879 merged with S.B. 769)
Prior revisions: 1929 § 8677; 1919 § 12320
Structure 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 110.180 - 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.