Tuesday, Nov. 24, 2009

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Bill Information Bill Number: HB0811 Title: Uniform Prudent Management of Institutional Funds Act Sponsor: Lang (D) Location: Chaptered Summary: Creates the Uniform Prudent Management of Institutional Funds Act. 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 and the delegation of management and investment functions. Makes changes concerning the Electronic Signatures in Global and National Commerce Act. Category: Budget Last Updated: 2009-07-28 More Information: http://www.ilga.gov/legislation/billstatus.asp?DocNum=0811&GAID=10&GA=96&DocTypeID=HB&LegID=42289&SessionID=76

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