Missouri § 67.085 - Investment of certain public funds, conditions.
Full text of Missouri Revised Statutes of Missouri § 67.085 — Investment of certain public funds, conditions., with citation guidance and answers to common questions.
§ 67.085. Investment of certain public funds, conditions.
Notwithstanding any law to the contrary, any political subdivision of the state and any other public entity in Missouri may invest funds of the public entity not immediately needed for the purpose to which such funds or any of them may be applicable provided each public entity meets the requirements for separate deposit insurance of public funds permitted by federal deposit insurance and in accordance with the following conditions:
(1) The public funds are invested through a financial institution which has been selected as a depositary of the funds in accordance with the applicable provisions of the statutes of Missouri relating to the selection of depositaries and such financial institution enters into a written agreement with the public entity;
(2) The selected financial institution arranges for the deposit of the public funds in deposit accounts in one or more financial institutions wherever located in the United States, for the account of the public entity;
(3) Each such deposit account is insured by federal deposit insurance for one hundred percent of the principal and accrued interest of the deposit; and
(4) The selected financial institution acts as custodian for the public entity with respect to such deposit accounts.
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(L. 2004 S.B. 1093, A.L. 2012 H.B. 1400, A.L. 2018 H.B. 1879 merged with S.B. 769)
---- end of effective 28 Aug 2018 ----
Source: official Missouri text · Last verified 2026-08-27
Frequently Asked Questions About Missouri § 67.085
What does Revised Statutes of Missouri § 67.085 cover?
Section 67.085 ("Investment of certain public funds, conditions.") 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 § 67.085?
A common citation format is "Revised Statutes of Missouri § 67.085" (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 § 67.085 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.