A Missouri agency stands to get $450,754 from a unit of General Electric in a municipal-bond fraud settlement that was finalized this week.

GE Capital Funding Capital Market Services will pay $70 million in fines and restitution to settle bid-rigging charges brought by the Securities and Exchange Commission and 25 state attorneys general. The case centered on contracts to reinvest the proceeds of municipal bond issues.

The settlement was announced last month and finalized Monday. The final judgment lists restitution payments that include $450,754 to the Missouri State Environmental Improvement and Energy Resources Authority, $52,085 to the St. Louis College of Pharmacy and $4,054 to the Wentzville Transportation Development District.

SEC official Elaine Greenberg said in a statement that the GE unit

undermined the competitive bidding process and negatively impacted the prices that municipalities paid for reinvestment products. The firm's misconduct deprived municipalities of a conclusive presumption that reinvestment instruments were purchased at fair market value.

GE is the fifth big financial company to settle in a bid-rigging investigation that has lasted for more than five years. Penalties against the five companies total $743 million.