CCS HCS SB 635, 2016 (New Section - as Truly Agreed)
96.192. 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, may invest
up to twenty-five percent of the hospital's funds not required
for immediate disbursement in obligations or for the operation
of the hospital in any United States investment grade fixed income
funds or any diversified stock funds, or both.
2. The provisions of this section shall only apply if the hospital:
(1) Receives less than one percent of its annual revenues from municipal, county, or state taxes; and
(2) Receives less than one percent of its annual revenue from appropriated funds from the municipality in which such hospital is located.