A plan to bolster Missouri’s rural hospitals’ financially stability is one of the measures awaiting action from the governor after the close of the legislative session earlier this month.
Representative Tara Peters (Photo: Tim Bommel, Missouri House Communications)
The proposal from Representative Tara Peters (R-Rolla) would expand the authority of rural hospital boards to invest funds that aren’t used for immediate obligations or hospital operations.
It was one of several measures she proposed this year aimed at supporting rural healthcare.
Peters said there was good reason for the prohibition on investing that was put in place, but with the passage of time and with rural hospitals struggling to stay in operation, that law was out of date.
The language was sent to the governor as part of Senate Bill 1359. He can choose to sign it into law, veto it, or allow it to become law without taking any action.