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SJR104 • 2026

Modifies authority of the state treasurer

Modifies authority of the state treasurer

Passed Legislature

This bill passed both chambers and reached final enrollment, even if later executive action is not shown here.

Sponsor
Crawford, Sandy; House handler: N/A
Last action
2026-02-05
Official status
Second Read and Referred S Insurance and Banking Committee
Effective date
Upon voter

Plain English Breakdown

The plain English breakdown is still being put together. The official documents below are already here.

Bill History

  1. 2026-02-05 S310

    Second Read and Referred S Insurance and Banking Committee

  2. 2026-01-07 S103

    S First Read

  3. 2025-12-05 Missouri House of Representatives and Missouri Senate

    Prefiled

Official Summary Text

The following summaries of this bill are available:

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Introduced

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SJR 104 - This constitutional amendment, if approved by the voters, modifies the powers of the State Treasurer. Specifically, the State Treasurer is permitted to invest certain state moneys in obligations of the United States government or any agency or instrumentality thereof maturing and becoming payable not more than seven years from the date of purchase, rather than five years as is the case currently.

The amendment additionally authorizes the State Treasurer to invest in:
• Municipal securities possessing one of the five highest long term ratings or the highest short term rating issued by a nationally recognized rating agency and maturing and becoming payable not more than five years from the date of purchase; and
• Other reasonable and prudent financial instruments and securities as otherwise provided by law.

This constitutional amendment is identical to the truly agreed to HCS/HJR 35 (2021).
SCOTT SVAGERA