Bill > SB1359

This bill: Modifies provisions relating to financial institutions, including: - Establishing a process for municipalities to competitively select depositories for public funds, requiring due diligence to determine financial stability and soundness, and outlining requirements for the depository relationship. - Expanding the investment authority of hospital boards of trustees that receive less than 3% of their annual revenues from county or state taxes. - Modifying requirements for the board of trustees of public hospitals, including provisions related to bonds, rules and regulations, and establishment of a day care center. - Updating provisions in the MO HealthNet program, including eligibility, covered services, and requirements for the department of social services. - Establishing a motor vehicle financial responsibility enforcement and compliance incentive program within the department of revenue to identify uninsured vehicles and provide options for compliance. - Replacing the existing state money transmission laws with the Money Transmission Modernization Act, including provisions for licensing, reporting, examinations, and enforcement. - Making various other changes to laws governing financial institutions, insurance, and commercial financing transactions.

Budget and Finance, Business and Industry, Government Affairs

https://www.senate.mo.gov/24info/BTS_Web/Bill.aspx?SessionType=R&BillID=2152710