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House committee hears bill to move custody of long-standing University of Missouri seminary fund to the university
Summary
A Missouri House committee held a public hearing on House Bill 1172, which would remove the Seminary Fund from current statutory custody arrangements and allow the University of Missouri to hold and administer the fund while preserving existing distribution limits.
A Missouri House committee on Monday held a public hearing on House Bill 1172, a measure sponsored by Representative Wilbert Haley that would remove the Seminary Fund from existing statutory custody arrangements and allow the University of Missouri to take custody and administer the fund.
Representative Wilbert Haley, sponsor of House Bill 1172, told the committee that the measure "is a short bill that will remove the seminary fund from the from our statutes that has to do with the University of Missouri." Haley said the change is intended to simplify administration…
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