Modifies provisions governing the seminary fund of the state university

HB 1172 modifies Missouri's Seminary Fund management for the state university system. It establishes a separate custodial account for the fund, requires investments in government bonds, and mandates that annual income from these bonds be used exclusively for the state university's maintenance, its College of Agriculture, and the University of Missouri-Rolla campus. The bill clarifies that all fund assets - including land sale proceeds, gifts, and state certificates of indebtedness - must be preserved as a permanent fund and cannot be diverted for other purposes. It also specifies that the state treasurer must safeguard fund assets and provide annual reports to the university board and general assembly. This procedural bill focuses on administrative clarity and accountability for existing fund management.