Did not become law. It stopped in the House of Representatives's Judiciary A Committee on February 2, 2010. The 2010 session has ended.
2010 Regular Session
House Bill 75
Uniform laws; create uniform prudent management of institutional funds act.
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 House of Representatives
Sponsor
Its course
January 5 to February 2, 2010, 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 House of RepresentativesJan 5 to Feb 2 · stopped28 days
Judiciary AJan 5 to Feb 2 · stopped28 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 House of Representatives Jan 5 – Feb 2
- Jan 5Referred to the House committee on Judiciary A
- Feb 2Died in committee in the House
All 2 actions, as published
- Jan 5Referred To Judiciary AHouse of Representatives
- Feb 2Died In CommitteeHouse of Representatives