Bill > SB244

This bill modifies regulations for hospital investments and service areas across Missouri. Specifically, it increases the percentage of hospital funds that can be invested from 25% to 50%, expanding investment options to include mutual funds investing in stocks, bonds, or real estate, high-rated bonds with maturities of ten years or less, and money-market investments. The bill applies these investment provisions only to hospitals that receive less than 3% (previously 1%) of their annual revenues from municipal, county, or state taxes. It also expands hospitals' ability to purchase, operate, or lease related facilities outside their original city boundaries, with a requirement that the city's governing body approve such plans if the hospital has recently received city appropriated funds. Additionally, the bill provides similar investment flexibility for hospital districts, allowing them to invest up to 50% of non-essential funds in similar investment vehicles, again with the condition that they receive less than 3% of their annual revenues from hospital district or state taxes. These changes aim to provide hospitals with more financial flexibility and investment opportunities while maintaining certain restrictions to protect public funding.

Justice

https://www.senate.mo.gov/25info/BTS_Web/Bill.aspx?SessionType=R&BillID=242