The civic record
Read. Follow. Verify.Missouri Senate Joint Resolution 104 expands State Treasurer investment authority to municipal securities and extends federal obligations maturity limit
Last action · February 5, 2026: Second Read and Referred S Insurance and Banking CommitteeSponsor: Sandy Crawford
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What This Bill Would Do
Missouri voters will decide a constitutional amendment in November 2026 that allows the State Treasurer to invest state funds in with high credit ratings, extends the maximum maturity limit for U.S. government obligations from five to seven years, and permits investment in other prudent financial instruments provided by law.
Modifies the constitutional investment powers governing public funds held by the Missouri State Treasurer, altering the permissible maturity timeframes and asset categories for state portfolio holdings.
- State joint resolutions proposing constitutional amendments in Missouri must be approved by the voters at a general or special election to take effect. context
- Senator Sandy Crawford represents Missouri's 28th Senate District. context
Who It Would Affect
Groups the bill's text would affect if enacted, as described in the record. Being affected is not a position for or against it.
State Treasurer
The State Treasurer gains expanded statutory authority to invest state funds in municipal securities and longer-maturity federal obligations.
Qualified voters of Missouri
Voters will decide whether to approve or reject the constitutional amendment at the ballot box in November 2026.
Key Facts
You don't have to trust us. Each fact below is taken straight from the official document - click any one to see the exact passage, highlighted in the original.
Frequently Asked Questions
What changes does SJR 104 make to the State Treasurer's investment powers?
When will voters decide on this constitutional amendment?
What else do you want to know?
News Coverage
Check Your Understanding
1.According to bill version 5559S.02I, what rating and maturity criteria apply when the state treasurer invests in municipal securities?
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2.According to bill version 5559S.02I, what is the maximum maturity period authorized for obligations of the United States government or its agencies or instrumentalities purchased by the state treasurer with moneys not needed for current expenses?
Auto-generated · not yet reviewed
Follow the record
Votes, people, money & the original sourceWhere This Stands
Currently in committee. The next step in the legislative lifecycle is Floor Vote.
Procedural history
3 actions- Feb 5, 2026SenateFloorSecond Read and Referred S Insurance and Banking Committee
- Jan 7, 2026SenateIntroducedS First Read
- Dec 5, 2025SenatePrefiled
Version history
Only one version on file - nothing to compare yet. The text on record is the 5559S.02I - Introduced version. As later stages (committee substitute, engrossed, enrolled) are captured, the redline appears here.
View official text →Lobbying Activity
No state lobbying filings in our records match this bill. Federal lobbying reports (LDA) cover Congress, so they are not listed on state bills.
Full breakdown
Who this bill affects and the strongest case for and against it, written only from the bill’s own text.
Sponsors
Discoveries
Patterns POLISCOPE noticed across the record. These are observations to investigate, not conclusions.
Prior Legislative Precedent
The official summary notes that this constitutional amendment is identical to the truly agreed to HCS/HJR 35 from 2021 and substantially similar to HJR 159 from 2026.
Connected Entities
Sources
www.senate.mo.gov
Analysis Score
0–100- Significance55How much this matters to a regular citizen
- Controversy15Intensity of disagreement among stakeholders
- Entertainment5Compellingness for a non-policy-wonk reader
- Buzz20Current news / social attention level
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