Bill > SJR104

This joint resolution proposes an amendment to the Missouri Constitution that would modify the state treasurer's investment authority. Specifically, the resolution would expand the treasurer's ability to invest state funds by allowing investments in municipal securities with high credit ratings and other reasonable and prudent financial instruments as provided by law. The amendment would increase the maximum investment maturity from five to seven years and provide more flexibility in investment options. The proposed changes would require the treasurer to maintain a written investment policy with an asset allocation plan that limits the total amount of state money invested in each authorized investment category. The resolution would be submitted to Missouri voters for approval at the next general election in November 2026 or at a special election called by the governor. The amendment aims to give the state treasurer more discretion in managing and investing state funds while maintaining safeguards to ensure responsible financial management.

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https://www.senate.mo.gov/26info/BTS_Web/Bill.aspx?SessionType=R&BillID=2457