Bill > HJR159

This concurrent resolution proposes an amendment to the Missouri Constitution that will be voted on by the public at the next general election in November 2026 or a special election. The amendment modifies Section 15 of Article IV of the Constitution, which outlines the duties of the State Treasurer regarding the investment of state funds. Key changes include allowing the State Treasurer to invest in municipal securities that have high credit ratings and mature within five years, as well as permitting investments in other "reasonable and prudent financial instruments and securities" as allowed by law. The resolution also makes minor technical changes, such as updating pronouns to be gender-neutral and extending the maximum maturity for certain U.S. government obligations from five to seven years. The Department of Revenue will continue to handle "nonstate funds," which are defined as taxes and fees collected by the state but designated for political subdivisions or other entities. The State Treasurer will be required to maintain a written investment policy with an asset allocation plan.

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https://house.mo.gov/Bill.aspx?bill=HJR159&year=2026&code=R