Missouri Code of State Regulations
Title 12 - DEPARTMENT OF REVENUE
Division 10 - Director of Revenue
Chapter 43 - Investment of Nonstate Funds
Section 12 CSR 10-43.010 - Department of Revenue Investment Group

(1) The director of revenue creates the Department of Revenue Investment Group. This group shall be composed of employees from the Department of Revenue.

(2) All inquiries or notices relating to the Investment Group should be directed to the director of the Fiscal Services Division as follows:

Fiscal Services Division

Missouri Department of Revenue

(3) The Investment Group has the responsibility of assisting the director of revenue in formulating and carrying out investment policies and procedures designed to invest non-state funds in safe, competitive yield investment instruments prior to distribution of the principal and interest to local political subdivisions. Before any of the investment policies and procedures formulated by the Investment Group are implemented, the policies and procedures must be reviewed and approved by the director of revenue.

(4) The Investment Group will meet at least quarterly and may meet more often as necessary.

(5) The Investment Group shall have the right to request the attendance of additional Department of Revenue employees, investment advisors, banking experts and other finance experts to help the Investment Group formulate and implement the department's investment policies and procedures.