SENATE BILL 470

File Code: Estates and Trusts Crossfiled with: HOUSE BILL 594

Sponsored By:

Senator Colburn

Entitled:

Management of Institutional Funds - Appropriations from Endowment Funds

Synopsis:

Authorizing a governing board of an institutional fund to make specified appropriations from an endowment fund under specified circumstances; and providing for specified procedures, standards, and remedies concerning an application and proceeding in a circuit court to authorize specified appropriations from an endowment fund.

History by Legislative Date

Senate Action

1/31

First Reading Judicial Proceedings

2/4

Hearing 2/11 at 1:00 p.m.

2/24

Unfavorable Report by Judicial Proceedings

House Action

No Action

Bill indexed under the following Subjects:

APPROPRIATIONS

CIRCUIT COURTS

COMMITTEES AND COMMISSIONS -see also- POLITICAL COMMITTEES

ESTATES AND TRUSTS

GIFTS

INVESTMENTS -see also- SECURITIES

NONPROFIT ORGANIZATIONS

NOTICES

Bill affects the following Statutes:

Estates and Trusts

( 15-401 , 15-402 , 15-407 )

Documents:

Bill Text: First Reading (PDF), Third Reading, Enrolled

Fiscal Note: Available (PDF)

Amendments: None offered