Missouri § 348.175 - Investment powers and limitations of authority.
Full text of Missouri Revised Statutes of Missouri § 348.175 — Investment powers and limitations of authority., with citation guidance and answers to common questions.
§ 348.175. Investment powers and limitations of authority.
The authority shall have the power, as necessary or convenient to carry out and effectuate the purposes and provisions of sections 348.005 to 348.180, and subject to any agreement with bondholders or noteholders, to invest moneys of the authority, including proceeds form the sale of any bonds or notes, in:
(1) Direct obligations of or obligations guaranteed as to principal and interest by the United States government, or any agency thereof, or by the state of Missouri;
(2) Obligations issued by the Government National Mortgage Association, Bank for Cooperatives, Federal Intermediate Credit Banks, Federal Home Loan Bank System, or Federal Land Banks, or by the Federal National Mortgage Association;
(3) Negotiable or nonnegotiable certificates of deposit issued by any bank which is insured by the Federal Deposit Insurance Corporation, or its successor corporation, if then in existence;
(4) Any other obligations of this state or of the United States, or any agency or instrumentality of either, which may then be purchased with funds belonging to this state or held in the state treasury; or
(5) Such securities and deposit accounts as are permissible for the investment of state public funds by the state treasurer.
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(L. 1981 H.B. 681 § 38)
---- end of effective 28 Aug 1981 ----
Source: official Missouri text · Last verified 2026-08-27
Frequently Asked Questions About Missouri § 348.175
What does Revised Statutes of Missouri § 348.175 cover?
Section 348.175 ("Investment powers and limitations of authority.") 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 § 348.175?
A common citation format is "Revised Statutes of Missouri § 348.175" (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 § 348.175 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.