HCS/HB 884 - This act allows the board of trustees of any authorized county hospital to invest up to 15% of their funds not required for immediate disbursement for obligations or operations into any mutual fund. The provisions of this act shall only apply if the hospital: (1) is located within a county of the first classification with more than 150,000 but fewer than 200,000 inhabitants and (2) receives less than 1% of its annual revenues from county or state taxes.
This act is substantially similar to SB 545 (2015).
SARAH HASKINS