l9n/ Mississippi

2009 Regular Session

Senate Bill 2335

Uniform Management of Institutional Funds Act; enact.

Did not become law. It stopped in the Senate's Appropriations Committee on February 3, 2009. The 2009 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

January 8 to February 3, 2009, 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 SenateJan 8 to Feb 3 · stopped26 days

AppropriationsJan 8 to Feb 3 · stopped26 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 Jan 8 – Feb 3

  1. Jan 8Referred to the Senate committee on Appropriations
  2. Feb 3Died in committee in the Senate
All 2 actions, as published
  1. Jan 8Referred To AppropriationsSenate
  2. Feb 3Died In CommitteeSenate