Missouri § 166.425 Board to invest funds, use of funds — not deemed income, when.

Missouri Statutes

§ 166.425 — Board to invest funds, use of funds — not deemed income, when.

Missouri § 166.425

Title XIEDUCATION AND LIBRARIES

Ch. 166Permanent Funds and Trusts

This text of Missouri § 166.425 (Board to invest funds, use of funds — not deemed income, when.) 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. § 166.425 (2026).

Text

All money paid by a participant in connection with participation agreements shall be deposited as received and shall be promptly invested by the board.  Contributions and earnings thereon accumulated on behalf of participants in the program may be used, as provided in the participation agreement, for qualified education expenses.  Such contributions and earnings shall not be considered income for purposes of determining a participant's eligibility for financial assistance under any state student aid program.

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All money paid by a participant in connection with participation agreements shall be deposited as received and shall be promptly invested by the board. Contributions and earnings thereon accumulated on behalf of participants in the program may be used, as provided in the participation agreement, for qualified education expenses. Such contributions and earnings shall not be considered income for purposes of determining a participant's eligibility for financial assistance under any state student aid program.