l9n/ Mississippi

2008 Regular Session

Senate Bill 2648

Uniform Management of Institutional Funds Act; enact.

Did not become law. It stopped in the Senate's Business and Financial Institutions Committee on February 19, 2008. The 2008 session has ended.

What it does

The synopsis the Legislature published with the bill.

AN ACT TO ENACT THE UNIFORM PRUDENT MANAGEMENT OF INSTITUTIONAL FUNDS ACT; TO PROVIDE THE STANDARDS OF CONDUCT FOR THE MANAGEMENT AND INVESTMENT OF FUNDS HELD BY AN INSTITUTION EXCLUSIVELY FOR CHARITABLE PURPOSES; TO PROVIDE THAT AN INSTITUTION MAY APPROPRIATE FOR EXPENDITURE OR ACCUMULATE SO MUCH OF AN ENDOWMENT FUND AS THE INSTITUTION DETERMINES IS PRUDENT FOR THE USES, BENEFITS, PURPOSES AND DURATION FOR WHICH THE ENDOWMENT FUND IS ESTABLISHED; TO AUTHORIZE AN INSTITUTION TO DELEGATE TO AN EXTERNAL AGENT THE MANAGEMENT AND INVESTMENT OF AN INSTITUTIONAL FUND TO THE EXTENT THAT AN INSTITUTION COULD PRUDENTLY DELEGATE UNDER THE CIRCUMSTANCES; TO PROVIDE FOR THE RELEASE OR MODIFICATION OF RESTRICTIONS ON MANAGEMENT, INVESTMENT OR PURPOSE OF AN INSTITUTIONAL FUND, TO REPEAL SECTIONS 79-11-601, THROUGH 79-11-617, MISSISSIPPI CODE OF 1972, WHICH GOVERN THE MANAGEMENT OF INSTITUTIONAL FUNDS; AND FOR RELATED PURPOSES.

Sponsors

Who carried the bill in each chamber, and who signed on. Each name leads to the member's page.

In the Senate

Its course

February 4 to February 19, 2008, on one scale. In the top row each mark is a day something happened; taller marks are busier days.

Each committee stop sits inside its chamber.

Every action2 actions on 2 days

In the SenateFeb 4 to Feb 19 · stopped15 days

Business and Financial InstitutionsFeb 4 to Feb 19 · stopped15 days

Text

Each version as the Legislature printed it.

l9n doesn't hold this bill's text yet.

What happened

In l9n's words, one line for each step. Every action as the Legislature published it is below.

In the Senate Feb 4 – Feb 19

  1. Feb 4Referred to the Senate committee on Business and Financial Institutions
  2. Feb 19Died in committee in the Senate
All 2 actions, as published
  1. Feb 4Referred To Business and Financial InstitutionsSenate
  2. Feb 19Died In CommitteeSenate