Untitled section

488.012 are paid into the registry of any circuit court and the court determines, upon its own finding or after application by one of the parties, that such funds can be reasonably expected to remain on deposit for a period sufficient to provide income through investment, the court may make an order directing the clerk to deposit such funds as are described in the order in savings deposits in banks, savings and loan associations, credit unions, or in United States treasury bills and invest funds only in investments permitted by the state treasurer in Article IV, Section 15 of the Missouri Constitution.  Deposits of such funds in any bank or savings and loan association shall not exceed the limits of the federal deposit insurance on accounts in such institution.  Additional deposits in excess of FDIC, FSLIC and NCUSIF shall be secured by government securities or in accordance with the state treasurer's investment requirements in Article IV, Section 15 of the Missouri Constitution.  All such accounts shall be in the name of the "Clerk of the ______ Court as Trustee in ______ (Style and Cause Number)", the exact name to be prescribed in the court's order.  The court may prescribe a bond or other guarantee for the security of the fund.  Necessary costs, including reasonable costs for administering the investment, may be paid from the income received from the investment of the trust fund.  The net income so derived shall be added to and become a part of the principal.   2.  In the absence of such an application by one of the parties within sixty days from the payment of such funds into the registry of the court, the clerk of the court may invest funds placed in the registry of the court in savings deposits in banks, credit unions or savings and loan associations carrying federal deposit insurance to the extent of the insurance or in United States treasury bills and invest funds only in investments permitted the state treasurer in Article IV, Section 15 of the Missouri Constitution and the income derived therefrom may be used by the clerk for paying the premiums on bonds of employees of the clerk, rent on safety deposit boxes, subscriptions on publications available pursuant to section