HOUSE BILL 594

Sponsored By:

Delegates Eckardt and Schisler

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

House Action

2/6

First Reading Judiciary

2/12

Hearing 3/5 at 1:00 p.m.

2/27

Hearing cancelled

3/3

Withdrawn

Senate Action

No Action

Sponsored by:

Delegate Adelaide C. Eckardt, District 37B

Delegate Kenneth D. Schisler, District 37B

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