WV SB244 | 2008 | Regular Session
Status
Spectrum: Slight Partisan Bill (Democrat 6-3)
Status: Introduced on January 17 2008 - 25% progression, died in committee
Action: 2008-01-17 - To Finance
Pending: Senate Finance Committee
Status: Introduced on January 17 2008 - 25% progression, died in committee
Action: 2008-01-17 - To Finance
Pending: Senate Finance Committee
Summary
This bill repeals the Uniform Management of Institutional Funds Act (UMIFA) and replaces it with the Uniform Prudent Management of Institutional Funds Act (UPMIFA). UPMIFA is an update of the UMIFA which dates back to 1972. UPMIFA applies to funds held for charitable purposes by nonprofit, charitable institutions. The three principal issues addressed are scope of coverage, investment obligations and expenditure of funds.
Title
Creating Uniform Prudent Management of Institutional Funds Act
Sponsors
| Sen. Donald Caruth [R] | Sen. Dan Foster [D] | Sen. Jesse Guills [R] | Sen. Evan Jenkins [D] |
| Sen. Joseph Minard [D] | Sen. Robert Plymale [D] | Sen. Ron Stollings [D] | Sen. Dave Sypolt [R] |
| Del. Danny Wells [D] |
History
| Date | Chamber | Action |
|---|---|---|
| 2008-01-17 | To Finance | |
| 2008-01-17 | To Finance | |
| 2008-01-17 | Introduced in Senate | |
| 2008-01-17 | To Finance | |
| 2008-01-17 | Filed for introduction |
Same As/Similar To
HB4080 (Same As) 2010-02-12 - To House Judiciary
Subjects
West Virginia State Sources
| Type | Source |
|---|---|
| Summary | http://www.legis.state.wv.us/Bill_Status/Bills_history.cfm?input=244&year=2008&sessiontype=RS&btype=bill |
