l9n/ Mississippi

2011 Regular Session

House Bill 47

Uniform laws; enact Uniform Prudent Management of Institutional Funds Act.

Did not become law. It stopped in the House of Representatives's Judiciary A Committee on February 1, 2011. The 2011 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 House of Representatives

2 co-sponsors

Omeria Scott, Bryant W. Clark

Its course

January 4 to February 1, 2011, 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 4 to Feb 1 · stopped28 days

Judiciary AJan 4 to Feb 1 · 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 4 – Feb 1

  1. Jan 4Referred to the House committee on Judiciary A
  2. Feb 1Died in committee in the House
All 2 actions, as published
  1. Jan 4Referred To Judiciary AHouse of Representatives
  2. Feb 1Died In CommitteeHouse of Representatives