Effective - 28 Aug 1998
30.255. Deposit of funds, duties. — Beginning July 1, 1999, the state treasurer shall, when making a new deposit of state funds, continuing an existing demand deposit of state funds, or renewing an existing time deposit of state funds beyond the expiration date of the deposit in any financial institution, review and consider the depository institution's lending record, giving consideration to, among other factors, whether:
(1) The institution has been given by the appropriate federal regulatory agency a written evaluation of the institution's record of meeting the credit needs of its entire community, including low and moderate income neighborhoods, pursuant to the federal Community Reinvestment Act of 1977, as amended, 12 U.S.C. 2905; and
(2) The most recent evaluation of the institution includes a rating of "needs to improve record of meeting community credit needs" or "substantial noncompliance of meeting community credit needs", or categories substantially comparable if said federal law is amended. In the event that a financial institution is not required to comply with the Community Reinvestment Act, the state treasurer shall not use that fact, either favorably* or negatively, in depositing, continuing a demand deposit, or reissuing a demand deposit of state funds.
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(L. 1998 S.B. 792)
*Word "favorable" appears in original rolls.
Structure Missouri Revised Statutes
Section 30.005 - State treasurer, term of office, term begins, when.
Section 30.010 - Salary of treasurer.
Section 30.020 - Bond — approval.
Section 30.030 - Bond not approved, forfeiture of office — governor to take possession.
Section 30.040 - Oath of office — bond — penalty for noncompliance.
Section 30.050 - Governor to examine bond — may require new bond.
Section 30.060 - Vacancy — governor's duties.
Section 30.070 - Vacancy — governor to fill.
Section 30.080 - Vacated office — accounts settled.
Section 30.090 - Certificate of settlement to persons entitled thereto.
Section 30.100 - Duplicate certificates — one to governor.
Section 30.110 - Certificate — action of general assembly.
Section 30.130 - Liability of bond surety.
Section 30.150 - Treasurer may administer oath.
Section 30.160 - Duplicate receipts — one to commissioner of administration.
Section 30.170 - State moneys, withdrawal from depositaries and disbursal — accounts.
Section 30.180 - Warrants, how paid.
Section 30.210 - Treasurer to have access to books of other offices.
Section 30.230 - Immediate deposit in demand deposits.
Section 30.240 - Moneys and credits, how held and disbursed — interest, how credited.
Section 30.245 - Central check mailing fund created — treasurer to administer.
Section 30.250 - Contract with depositary, terms and conditions.
Section 30.255 - Deposit of funds, duties.
Section 30.270 - Security for safekeeping of state funds.
Section 30.280 - Accounts, how kept.
Section 30.286 - Authority to enter into agreements for certain services.
Section 30.290 - Liability of treasurer and depositaries.
Section 30.300 - Reports of treasurer and depositaries to governor, when — governor to compare.
Section 30.330 - Official records, retention and destruction, duties.
Section 30.350 - Monthly reports to commissioner of administration.
Section 30.360 - Quarterly statements.
Section 30.370 - Report to general assembly.
Section 30.380 - Failure to report — penalty.
Section 30.390 - Failure of depositary to make proper statement — penalty.
Section 30.400 - Treasurer not to loan money — penalty — attorney general to prosecute.
Section 30.410 - Refusal to pay lawful warrant — penalty.
Section 30.440 - No deposits in bank in which officers hold stock.
Section 30.500 - Transition funds and facilities for treasurer.
Section 30.505 - Treasurer's transition period defined.
Section 30.510 - Transition facilities to be provided for treasurer.
Section 30.600 - Certain business documents deemed closed records.
Section 30.605 - State treasurer's general operations fund created, use of moneys.
Section 30.753 - Treasurer's authority to invest in linked deposits, limitations.
Section 30.810 - Application of linked deposits law.
Section 30.820 - Limitations on linked deposit loans.
Section 30.830 - Program funding limitation.
Section 30.850 - Use of proceeds.
Section 30.950 - Definitions — written investment policy required — state treasurer's duty.
Section 30.1010 - Fund created, moneys to be deposited in fund.
Section 30.1014 - Fund created, moneys to be deposited in fund.
Section 30.1015 - Federal funds, authority of state treasurer to create and redesignate funds.