Lou Lang
- Democratic
Primary
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.
Governor Approved
Public Act . . . . . . . . . 96-0029
Effective Date June 30, 2009
Sent to the Governor
Passed Both Houses
Senate Committee Amendment No. 1 House Concurs 114-000-000
Senate Committee Amendment No. 1 Motion to Concur Recommends Be Adopted Rules Committee; 004-000-000
Senate Committee Amendment No. 1 Motion to Concur Referred to Rules Committee
Senate Committee Amendment No. 1 Motion Filed Concur Rep. Lou Lang
Arrived in House
Placed on Calendar Order of Concurrence Senate Amendment(s) 1
Third Reading - Passed; 057-000-001
Placed on Calendar Order of 3rd Reading May 13, 2009
Second Reading
Do Pass as Amended Financial Institutions; 011-000-000
Placed on Calendar Order of 2nd Reading May 12, 2009
Senate Committee Amendment No. 1 Adopted
Senate Committee Amendment No. 1 Held in Financial Institutions
Held in Financial Institutions
Senate Committee Amendment No. 1 Assignments Refers to Financial Institutions
Senate Committee Amendment No. 1 Filed with Secretary by Sen. Ira I. Silverstein
Senate Committee Amendment No. 1 Referred to Assignments
Alternate Chief Sponsor Changed to Sen. Ira I. Silverstein
Assigned to Financial Institutions
Referred to Assignments
First Reading
Chief Senate Sponsor Sen. John J. Cullerton
Added as Alternate Chief Co-Sponsor Sen. Don Harmon
Placed on Calendar Order of First Reading March 26, 2009
Arrive in Senate
Third Reading - Short Debate - Passed 114-000-000
Placed on Calendar Order of 3rd Reading - Short Debate
Second Reading - Short Debate
Held on Calendar Order of Second Reading - Short Debate
Placed on Calendar 2nd Reading - Short Debate
House Committee Amendment No. 1 Adopted in Financial Institutions Committee; by Voice Vote
Do Pass as Amended / Short Debate Financial Institutions Committee; 020-000-000
House Committee Amendment No. 1 Filed with Clerk by Financial Institutions Committee
Re-assigned to Financial Institutions Committee
Assigned to Executive Committee
Filed with the Clerk by Rep. Lou Lang
Referred to Rules Committee
First Reading
| Bill Text Versions | Format |
|---|---|
| Introduced | HTML |
| Engrossed | HTML |
| Enrolled | HTML |
| Document | Format |
|---|---|
| Public Act | |
| Senate Amendment 001 | |
| House Amendment 001 |
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