Bill > SB1366

This bill modifies state law regarding county treasurers' financial responsibilities and banking authorities. Specifically, the bill reaffirms that county treasurers are responsible for drawing checks from county depositaries and ensuring sufficient funds are available before issuing checks. The bill introduces new provisions that explicitly state the county treasurer shall be the sole authorized signature on bank signature cards, deposit agreements, and other authorization documents for county fund accounts. The legislation clarifies that no other county official or employee can be listed as a signer on these accounts, and requires depositaries to comply with this signature authority requirement. However, the bill also includes a provision that does not prevent other county officers from maintaining separate accounts specifically authorized by statute for their official duties. This change aims to centralize and clarify financial management and signature authority for county funds, enhancing accountability and potentially reducing the risk of unauthorized financial transactions.

Government Affairs

https://www.senate.mo.gov/26info/BTS_Web/Bill.aspx?SessionType=R&BillID=227