Missouri § 30.753 - Treasurer's authority to invest in linked deposits, limitations.
Full text of Missouri Revised Statutes of Missouri § 30.753 — Treasurer's authority to invest in linked deposits, limitations., with citation guidance and answers to common questions.
§ 30.753. Treasurer's authority to invest in linked deposits, limitations.
1. The state treasurer may invest in linked deposits; however, the total amount so deposited at any one time shall not exceed, in the aggregate, one billion two hundred million dollars. Such deposits shall be used for linked deposits to eligible farming operations, eligible locally owned businesses, eligible agribusinesses, eligible beginning farmers, eligible livestock operations, eligible facility borrowers, and eligible small businesses. No more than five percent of the aggregate deposit shall be used for linked deposits to eligible multitenant development enterprises, and no more than five percent of the aggregate deposit shall be used for linked deposits to eligible residential property developers and eligible residential property owners, no more than twenty percent of the aggregate deposit shall be used for linked deposits to eligible job enhancement businesses, and no more than five percent of the aggregate deposit shall be used for linked deposit loans to eligible water systems. Linked deposit loans may be made to eligible student borrowers, eligible alternative energy operations, eligible alternative energy consumers, and eligible governmental entities from the aggregate deposits. If demand for a particular type of linked deposit exceeds the initial allocation, and funds initially allocated to another type are available and not in demand, the state treasurer may commingle allocations among the types of linked deposits.
2. The minimum deposit to be made by the state treasurer to an eligible lending institution for eligible job enhancement business loans shall be ninety thousand dollars. Linked deposit loans for eligible job enhancement businesses may be made for the purposes of assisting with relocation expenses, working capital, interim construction, inventory, site development, machinery and equipment, or other expenses necessary to create or retain jobs in the recipient firm.
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(L. 1986 H.B. 1107 § 2, A.L. 1987 H.B. 294, A.L. 1988 H.B. 1260, A.L. 1989 S.B. 444, A.L. 1991 H.B. 51, et al., A.L. 1993 H.B. 566, A.L. 1998 S.B. 852 & 913, A.L. 2004 S.B. 1155, A.L. 2005 S.B. 270, A.L. 2007 H.B. 741, A.L. 2008 S.B. 1181, et al., A.L. 2009 H.B. 883, A.L. 2020 S.B. 599, A.L. 2024 H.B. 1803)
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Source: official Missouri text · Last verified 2026-08-27
Frequently Asked Questions About Missouri § 30.753
What does Revised Statutes of Missouri § 30.753 cover?
Section 30.753 ("Treasurer's authority to invest in linked deposits, limitations.") is part of the Revised Statutes of Missouri, the codified statutory law of Missouri. It sets out the legal rule or procedure described in the text above. Statutes are amended regularly, so always verify against the official source.
How do I cite Missouri § 30.753?
A common citation format is "Revised Statutes of Missouri § 30.753" (Missouri). Legal writing may require the code abbreviation, section number, and year or edition. Match the style required by your court, professor, or publisher.
Is this the official text of Missouri law?
No. This page is for research and education and may not include the most recent amendments. For official current law, check the Missouri official source linked on this page or consult a licensed Missouri attorney.
How does Missouri § 30.753 apply to my situation?
Statutes are interpreted in context, and application depends on your specific facts. Only a licensed attorney in Missouri can advise on how this section applies to you. Contact your state or local bar association for a referral.
Sources & Verification
Not legal advice. Verify against the official source and consult a licensed attorney in Missouri.