Missouri § 96.192 Investment of hospital funds, limitations.

Missouri Statutes

§ 96.192 — Investment of hospital funds, limitations.

Missouri § 96.192

Title VIICITIES, TOWNS AND VILLAGES

Ch. 96Municipal Health and Welfare

This text of Missouri § 96.192 (Investment of hospital funds, limitations.) 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. § 96.192 (2026).

Text

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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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.