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RSMo 537.700effective 20 Jun 1986

Public entity risk management fund established

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In plain English

Missouri created a shared fund called the Missouri Public Entity Risk Management Fund. Local government groups like cities, counties, school districts, and other public bodies can join this fund. When a local government joins, it can use public money to pay into the fund.

Word-for-word law

537.700. risk management established — definitions — who may participate. — 1. There is hereby created the "Missouri Public Entity Risk Management Fund", which shall be a . The of this fund shall have the powers and duties specified in sections 537.700 to 537.755 and such other powers as may be necessary or proper to enable it, its officers, employees and agents to carry out fully and effectively all the purposes of sections 537.700 to 537.755.

2. Unless otherwise clearly indicated by the context, the following words and terms as used in sections 537.700 to 537.755 mean:

(1) "", the board of trustees of the Missouri public entity risk management fund;

(2) "Fund", the Missouri public entity risk management fund established by 1 of this section;

(3) "Public entity", any city, county, township, village, town, , school , , or any other local created by the .

3. Any public entity may participate in the Missouri public entity risk management fund and use public funds to pay any made in conjunction with the fund.

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Source & history notes

(L. 1986 H.B. 1435 & 1461) Effective 6-20-86 (2021) Hybrid entity as established by General Assembly does not perform a government function and is not directly answerable to the public; thus, it is not enough like a public entity to receive sovereign immunity. Estes as Next Friend for Doe v. Board of Trustees of Missouri Public Entity Risk Management Fund, 623 S.W.3d 678 (Mo.App.W.D.).

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RSMo 537.700: Public entity risk management fund established | KnowMo Laws