SB 284 – Authorizes county commissions that are trustees for a cemetery trust fund to utilize investment managers to invest, reinvest, and manage fund assets

• Sponsor: Hegeman
• LR Number: 1181S.02C
• Committee: Local Government and Elections
• Last Action: 5/12/2017 - Informal Calendar S Bills for Perfection--SB 284-Hegeman, with SCS
• Title: SCS SB 284
• Effective Date: August 28, 2017

Current Bill Summary

SCS/SB 284 - This act authorizes county commissions that are trustees for a cemetery trust fund to utilize investment managers to invest, reinvest, and manage fund assets. The responsibilities and requirements for investment managers are detailed in the act. The investments cannot be otherwise prohibited by the Missouri Constitution, Article VI, Section 23.

This act is identical to SCS/HB 51 (2017) and to provisions contained in SCS/HB 568 (2017), and is similar to HCS/HB 2272 (2016).

JAMIE ANDREWS