Missouri Higher Education Savings Program

MOST, which is a qualified tuition savings program established under Section 529 of the Internal Revenue Code, is overseen by the Missouri Higher Education Savings Program Board. MOST is designed to help people save for the costs of education after high school. The Missouri State Treasurer serves as chair of the board.

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Missouri Housing Development Commission (MHDC)

The commission has invested almost $4 billion for rental housing developments, preservation of affordable rental housing, home mortgages, home improvement loans, grants to neighborhood housing groups and other housing programs. MHDC functions as a bank, providing financing directly to borrowers or through a network of private lending institutions.

Missouri State Employees' Retirement System (MOSERS)

The system administers retirement, life insurance and long-term disability benefits to most State employees. Responsibility for the operation and administration of MOSERS is vested in an eleven-member board of trustees, of which the State Treasurer is one.

Board of Fund Commissioners

The Board of Fund Commissioners issues, redeems and cancels State general obligation bonds and performs other administrative activities related to State general obligation debt as assigned by law.

The board is composed of the Governor, Lieutenant Governor, Attorney General, State Auditor, State Treasurer and the Commissioner of Administration. The Governor is president of the board and the State Treasurer is secretary.

Board of Fund Commissioners Web site
Board of Fund Commissioners Contact Page

Missouri Investment Trust (MIT)

The board is responsible for establishing investment policies, strategies and goals for the investment trust. The investment trust is designed to allow the State of Missouri to invest specific funds for long-term investment and growth.

Prior to the enactment of the Missouri Investment Trust, the State's investment authority was limited by statute to three years, and all funds were required to be invested by the State Treasurer within a general pool of State operating revenue. Such a short-term investment strategy was inconsistent with the needs of certain funds. The Missouri Investment Trust allows such funds to be invested in a manner that maximizes the return on State dollars and optimizes the individual long-term objectives of participating agencies.

Members of the board of trustees have the fiduciary duty to manage the policy and investment decisions necessary for the success of the Missouri Investment Trust.

Enabling Statute
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Missouri Cultural Trust Board

The board oversees and administers the Missouri Arts Council Trust Fund, which supports the Missouri State Council of the Arts.

The board of trustees, consisting of the State Treasurer, two members of the Senate appointed by the President Pro Tem of the Senate, two members of the House of Representatives appointed by the Speaker of the House, and the members of the Missouri Arts Council. The State Treasurer is responsible for investing the fund.

The fund the board oversees is used soley for the promotion of the arts in Missouri and for the administrative costs of the Missouri Arts Council. The Missouri Arts Council Trust Fund shall not be transferred and placed to the credit of the general revenue fund.

Enabling Statute

Linked Deposits Review Committee

The committee has review and oversight capacity for all matters relating to the Missouri Linked Deposit Programs. The committee may examine all aspects of the Linked Deposit Program, including but not limited to, the program's administration, operation and effectiveness.

Enabling Statute
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