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]

---

Voting Records

Chamber	Vote	Date	Yea	Nay	NV	Abs	Total	Result	Source	View
House	House - House concurred in Senate amendments	2016-03-04	89	0	1	10	100	Passed	Link	View
Senate	Senate - Third reading	2016-03-01	48	2	0	0	50	Passed	Link	View
Senate	Senate - Committee Vote	2016-02-18	9	0	0	0	9	Passed	Link	View
House	House - Third reading	2016-02-02	96	0	1	3	100	Passed	Link	View
House	House - Committee Vote	2016-01-25	12	0	0	1	13	Passed	Link	View

Social Comments on IN HB1331