Missouri Amendment 1 - Where to Invest State Funds
The first Amendment that is on the ballot for this year’s November election in Missouri would be a change that affects the Missouri Treasurer’s flexibility on investments funds received by the State of Missouri. The full text of the Amendment can be accessed here: https://house.mo.gov/billtracking/bills211/hlrbillspdf/0587H.03T.pdf
The current language of the section to be amended can be found here:
https://revisor.mo.gov/main/OneSection.aspx?section=IV++++15&bid=31829&constit=y
What is the proposed change? This Missouri Constitutional Amendment seeks to allow the State Treasurer to invest Missouri State funds in municipal securities (which fund things like road projects for municipalities) and potentially more investment options in the future. The Amendment would leave open the possibility of more investment options for the Treasurer in the future, but it does not specify what type of options those would be.
A “YES” vote would amendment the Missouri Constitution to enact the change. A “NO” vote would keep the status quo, which allows for investments by the Treasurer, but without the flexibility the Amendment proposes to create.
For further information, visit https://www.sos.mo.gov/elections
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