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HB 811 Illinois House · 96th Regular Session

UNIFORM PRUDENT MGMT INST FUND

Summary
Creates the Uniform Prudent Management of Institutional Funds Act, proposed by the National Conference of Commissioners on Uniform State Laws. Provides for: standards of conduct in managing and investing an institutional fund held by a charitable institution for charitable purposes; appropriations by an institution for expenditure or accumulation of endowment funds; the delegation of management and investment functions; the release or modification of restrictions on the management, investment, or purpose of an institutional fund; compliance; application; construction; and other matters. Repeals the Uniform Management of Institutional Funds Act. Amends the Religious Corporation Act by making conforming changes.
Bill status signed all 5 stages cleared
Introduction
Mar 2009
Committee Review
May 2009
House Passage
May 2009
Senate Passage
May 2009
Signed into Law
Jun 2009
Introduced Mar 25, 2009 Signed Jun 30, 2009
Floor votes · Senate May 13, 2009 · House May 22, 2009

How they voted

51–0
Passed · 2 other
Total votes 53
May 13, 2009
D Democratic33
32 Yea 1
96% Yea
R Republican20
19 Yea 1
95% Yea
Vote distribution
All Yea All Nay Mixed No data
Full legislative history

Actions timeline

Total actions
44
Key actions
12
Committee
14
Amendments
5
Jun 30, 2009
Signed into law
Governor Approved
lower
May 22, 2009
Lower · Passed
Passed Both Houses
lower
May 22, 2009
Lower · Passed
Senate Committee Amendment No. 1 House Concurs 114-000-000
lower
May 19, 2009
Lower · Passed
Senate Committee Amendment No. 1 Motion to Concur Recommends Be Adopted Rules Committee; 004-000-000
lower
May 18, 2009
Committee
Senate Committee Amendment No. 1 Motion to Concur Referred to Rules Committee
lower
May 18, 2009
Lower · Passed
Senate Committee Amendment No. 1 Motion Filed Concur Rep. Lou Lang
lower
May 14, 2009
Introduced
Placed on Calendar Order of Concurrence Senate Amendment(s) 1
lower
May 14, 2009
Introduced
Arrived in House
lower
May 13, 2009
Senate · Passed
Senate Vote: pass (51-0-2)
senate
May 7, 2009
Upper · Passed
Do Pass as Amended Financial Institutions; 011-000-000
upper
May 7, 2009
Upper · Passed
Senate Committee Amendment No. 1 Adopted
upper
Apr 30, 2009
Upper · Passed
Senate Committee Amendment No. 1 Held in Financial Institutions
upper
Apr 28, 2009
Upper · Passed
Senate Committee Amendment No. 1 Assignments Refers to Financial Institutions
upper
Apr 27, 2009
Committee
Senate Committee Amendment No. 1 Referred to Assignments
upper
Apr 27, 2009
Introduced
Senate Committee Amendment No. 1 Filed with Secretary by Sen. Ira I. Silverstein
upper
Apr 15, 2009
Committee
Assigned to Financial Institutions
upper
Mar 30, 2009
Committee
Referred to Assignments
upper
Mar 25, 2009
Introduced
Arrive in Senate
upper
Mar 10, 2009
Lower · Passed
Do Pass as Amended / Short Debate Financial Institutions Committee; 020-000-000
lower
Mar 10, 2009
Lower · Passed
House Committee Amendment No. 1 Adopted in Financial Institutions Committee; by Voice Vote
lower
Mar 10, 2009
Introduced
House Committee Amendment No. 1 Filed with Clerk by Financial Institutions Committee
lower
Feb 23, 2009
Committee
Re-assigned to Financial Institutions Committee
lower
Feb 11, 2009
Committee
Assigned to Executive Committee
lower
Feb 9, 2009
Committee
Referred to Rules Committee
lower
0 primary · 1 co-sponsor

Sponsors

No sponsor information available.