Effective - 28 Aug 2016
96.192. Investment of hospital funds, limitations. — 1. The board of trustees of any hospital authorized under subsection 2 of this section, and established and organized under the provisions of sections 96.150 to 96.229, may invest up to twenty-five percent of the hospital's funds not required for immediate disbursement in obligations or for the operation of the hospital in any United States investment grade fixed income funds or any diversified stock funds, or both.
2. The provisions of this section shall only apply if the hospital:
(1) Receives less than one percent of its annual revenues from municipal, county, or state taxes; and
(2) Receives less than one percent of its annual revenue from appropriated funds from the municipality in which such hospital is located.
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(L. 2016 S.B. 635 merged with S.B. 988)
Structure Missouri Revised Statutes
Title VII - Cities, Towns and Villages
Chapter 96 - Municipal Health and Welfare
Section 96.160 - Board of trustees — appointment.
Section 96.170 - Terms of office of trustees — vacancies.
Section 96.175 - Removal of trustees, procedure.
Section 96.180 - Organization of board — rules and regulations.
Section 96.190 - Board to control expenditures, funds — employ assistants.
Section 96.192 - Investment of hospital funds, limitations.
Section 96.195 - Facility funds only to be used — nonliability of city.
Section 96.200 - Annual report — how, when made.
Section 96.210 - Bequests, donations — board to be special trustees.
Section 96.220 - Special taxes under this law to be collected as are regular municipal taxes.
Section 96.222 - Bonds, issuance of — payable from revenue — mortgage authorized.
Section 96.224 - Bonds not indebtedness of state.
Section 96.226 - Bonds, interest, mature when.
Section 96.228 - Bonds secured how, rights of bondholder.
Section 96.229 - Charter hospitals, election to be governed by nonprofit corporation law, procedure.
Section 96.230 - Authorizing certain cities to create social welfare boards.
Section 96.240 - Board — powers and duties.
Section 96.250 - Personnel of board — terms.
Section 96.260 - Board shall meet and organize.
Section 96.270 - Money deposited with treasurer, who shall give bond.