Roll Call: IN HB1331 | 2016 | Regular Session
For additional roll call votes on Indiana HB1331 please see the Vote List
Bill Title: Management of institutional funds. Provides that a chapter in the Indiana Code may be cited as the Uniform Prudent Management of Institutional Funds Act (UPMIFA). Makes the following changes to the UPMIFA: (1) Allows a donor to give an institution prior consent for release or modification of a restriction or charitable purpose in a gift instrument. (2) Allows an institution to release or modify a restriction in a fund established more than 20 years ago without court approval, if the value of an institutional fund is less than $250,000. (Under current law, the institutional fund must be less than $25,000.)
Spectrum: Bipartisan Bill
Status: (Passed) 2016-03-21 - Public Law 85 [HB1331 Detail]
Text: Latest bill text (Enrolled) [PDF]
Bill Title: Management of institutional funds. Provides that a chapter in the Indiana Code may be cited as the Uniform Prudent Management of Institutional Funds Act (UPMIFA). Makes the following changes to the UPMIFA: (1) Allows a donor to give an institution prior consent for release or modification of a restriction or charitable purpose in a gift instrument. (2) Allows an institution to release or modify a restriction in a fund established more than 20 years ago without court approval, if the value of an institutional fund is less than $250,000. (Under current law, the institutional fund must be less than $25,000.)
Spectrum: Bipartisan Bill
Status: (Passed) 2016-03-21 - Public Law 85 [HB1331 Detail]
Text: Latest bill text (Enrolled) [PDF]
Vote: Senate - Committee Vote
| Vote | Tally | Democrat | Republican |
|---|---|---|---|
| Yea | 9 | 3 | 6 |
| Nay | - | - | - |
| Not Voting | - | - | - |
| Absent | - | - | - |
| TOTAL | 9 | 3 | 6 |
Result: Passed
| Name | Yea | Nay | NV | Absent | Financial | Encyclopedia | Biography |
|---|---|---|---|---|---|---|---|
| Sen. Arnold, James [D] | FollowTheMoney | Ballotpedia | VoteSmart | ||||
| Sen. Brown, Elizabeth "Liz" M. [R] | FollowTheMoney | Ballotpedia | VoteSmart | ||||
| Sen. Holdman, Travis [R] | FollowTheMoney | Ballotpedia | VoteSmart | ||||
| Sen. Lanane, Timothy "Tim" [D] | FollowTheMoney | Ballotpedia | VoteSmart | ||||
| Sen. Messmer, Mark B. [R] | FollowTheMoney | Ballotpedia | VoteSmart | ||||
| Sen. Mrvan Jr., Frank [D] | FollowTheMoney | Ballotpedia | VoteSmart | ||||
| Sen. Raatz, Jeff [R] | FollowTheMoney | Ballotpedia | VoteSmart | ||||
| Sen. Steele, Brent [R] | FollowTheMoney | Ballotpedia | VoteSmart | ||||
| Sen. Walker, Greg [R] | FollowTheMoney | Ballotpedia | VoteSmart |
