Missouri § 166.021 Investment of capital of public school fund — securities deposited with state treasurer.

Missouri Statutes

§ 166.021 — Investment of capital of public school fund — securities deposited with state treasurer.

Missouri § 166.021

Title XIEDUCATION AND LIBRARIES

Ch. 166Permanent Funds and Trusts

This text of Missouri § 166.021 (Investment of capital of public school fund — securities deposited with state treasurer.) is published on Counsel Stack Legal Research, covering Missouri primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook

Mo. Rev. Stat. § 166.021 (2026).

Text

1.All funds accruing to the state public school fund, except the interest on the fund, shall be invested by the state board of education in registered bonds of the United States or the state, bonds of school districts of the state, or bonds or other securities payment of which is fully guaranteed by the United States.

2.Whenever the state board of education contracts with the seller of any such bonds or securities, the board shall requisition and the commissioner of administration shall approve and forthwith issue a warrant upon the state treasurer for the purchase price agreed upon, payable out of the state public school fund, in favor of the seller.

3.All bonds or securities so purchased shall be made payable to, or be registered in the name of, the state treasurer as trustee of

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1. All funds accruing to the state public school fund, except the interest on the fund, shall be invested by the state board of education in registered bonds of the United States or the state, bonds of school districts of the state, or bonds or other securities payment of which is fully guaranteed by the United States.

2. Whenever the state board of education contracts with the seller of any such bonds or securities, the board shall requisition and the commissioner of administration shall approve and forthwith issue a warrant upon the state treasurer for the purchase price agreed upon, payable out of the state public school fund, in favor of the seller.

3. All bonds or securities so purchased shall be made payable to, or be registered in the name of, the state treasurer as trustee of the state public school fund and shall be deposited as part of the state public school fund with the state treasurer who shall give his receipt therefor to the board of education.

Legislative History

(L. 1963 p. 200 § 7-2, A.L. 2007 H.B. 264) (Source: RSMo 1959 § 161.201) Multinational banks, securities and obligations of, investment in, when, 409.950