Missouri § 96.192 - Investment of hospital funds, limitations.
Full text of Missouri Revised Statutes of Missouri § 96.192 — Investment of hospital funds, limitations., with citation guidance and answers to common questions.
§ 96.192. Investment of hospital funds, limitations.
1. The board of trustees of any hospital authorized under subsection 2 of this section, and established and organized under the provisions of sections 96.150 to 96.229:
(1) May invest up to fifty percent of the hospital's "available funds", defined in this section as funds not required for immediate disbursement in obligations or for the operation of the hospital, into:
(a) Any mutual funds that invest in stocks, bonds, or real estate, or any combination thereof;
(b) Bonds that have:
a. One of the five highest long-term ratings or the highest short-term rating issued by a nationally recognized rating agency; and
b. A final maturity of ten years or less;
(c) Money market investments; or
(d) Any combination of investments described in paragraphs (a) to (c) of this subdivision; and
(2) Shall invest the remaining percentage of any available funds not invested as allowed under subdivision (1) of this subsection into any investment in which the state treasurer is allowed to invest.
2. The provisions of this section shall only apply if the hospital:
(1) Receives less than three percent of its annual revenues from municipal, county, or state taxes; and
(2) Receives less than three percent of its annual revenue from appropriated funds from the municipality in which such hospital is located.
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(L. 2016 S.B. 635 merged with S.B. 988, A.L. 2026 H.B. 2372 merged with S.B. 1019)
---- end of effective 28 Aug 2026 ----
Source: official Missouri text · Last verified 2026-08-27
Frequently Asked Questions About Missouri § 96.192
What does Revised Statutes of Missouri § 96.192 cover?
Section 96.192 ("Investment of hospital funds, 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 § 96.192?
A common citation format is "Revised Statutes of Missouri § 96.192" (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 § 96.192 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.