Jim Smallwood
- Republican
- Senator
- District 2
Primary
The bill authorizes the fiduciary of an endowment fund to distribute principal, such as capital gains, under a unitrust election. This facilitates investing in stocks. The bill authorizes a cemetery authority to request that the fiduciary convert an endowment fund to a unitrust. The fiduciary and cemetery authority must agree on the terms of conversion, the distribution method, and the distribution rate. The distributions must be made on a monthly, quarterly, semi-annual, or annual basis, but the default is monthly. The unitrust must comply with certain current unitrust laws. (Note: This summary applies to the reengrossed version of this bill as introduced in the second house.)
Governor Signed
Sent to the Governor
Signed by the President of the Senate
Signed by the Speaker of the House
Senate Third Reading Passed - No Amendments
Senate Second Reading Passed - No Amendments
Senate Committee on Finance Refer Unamended - Consent Calendar to Senate Committee of the Whole
House Third Reading Passed - No Amendments
House Second Reading Passed with Amendments - Committee
House Committee on Finance Refer Amended to House Committee of the Whole
| Bill Text Versions | Format |
|---|---|
| Amendment L.001 | |
| Committee Amendment | |
| PA1 (02/07/2017) | |
| Introduced (01/19/2017) | |
| Engrossed (02/09/2017) | |
| Reengrossed (02/10/2017) | |
| Revised (03/07/2017) | |
| Rerevised (03/08/2017) | |
| Final Act (03/16/2017) | |
| Signed Act (03/20/2017) |
| Document | Format |
|---|---|
| Fiscal Note FN1 (02/01/2017) | |
| Fiscal Note FN2 (06/22/2017) |
Data on Open States is updated periodically throughout the day from the official website of the Colorado General Assembly.
If you notice any inconsistencies with these official sources, feel free to file an issue.