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Legislation


2003 Regular Session

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
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