Senate Bill 952 (2011) - The Florida Senate

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CS/CS/SB 952: Uniform Prudent Management of Institutional Funds

GENERAL BILL by Higher Education ; Commerce and Tourism ; Richter ; (CO-INTRODUCERS) Gaetz

Uniform Prudent Management of Institutional Funds; Provides requirements for the management of funds held by an institution exclusively for charitable purposes. Provides standards of conduct in managing and investing institutional funds. Provides requirements for appropriation for expenditure or accumulation of an endowment fund by an institution. Authorizes an institution to delegate to an external agent the management and investment of an institutional fund, etc.

Effective Date: 7/1/2012
Last Action: 5/3/2011 Senate - Laid on Table, companion bill(s) passed, see CS/CS/CS/HB 599 (Ch. 2011-170) -SJ 747
Bill Text: Web Page | PDF

Senate Committee References:

Commerce and Tourism (CM)
Higher Education (HE)
Governmental Oversight and Accountability (GO)

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Bill History

Date	Chamber	Action
2/10/2011	Senate	• Filed
2/17/2011	Senate	• Referred to Commerce and Tourism; Higher Education; Governmental Oversight and Accountability; Budget -SJ 74
3/8/2011	Senate	• Introduced -SJ 73
3/17/2011	Senate	• On Committee agenda-- Commerce and Tourism, 03/22/11, 1:15 pm, 401 Senate Office Building
3/22/2011	Senate	• CS by Commerce and Tourism; YEAS 5 NAYS 0 -SJ 271
3/23/2011	Senate	• Pending reference review under Rule 4.7(2) - (Committee Substitute) • CS by Commerce and Tourism read 1st time -SJ 276
3/24/2011	Senate	• Now in Higher Education -SJ 271
3/30/2011	Senate	• On Committee agenda-- Higher Education, 04/04/11, 3:15 pm, 301 Senate Office Building
4/4/2011	Senate	• CS/CS by Higher Education; YEAS 3 NAYS 0 -SJ 408
4/5/2011	Senate	• Pending reference review under Rule 4.7(2) - (Committee Substitute)
4/6/2011	Senate	• Now in Governmental Oversight and Accountability -SJ 408 • CS/CS by Higher Education read 1st time -SJ 409
4/11/2011	Senate	• On Committee agenda-- Governmental Oversight and Accountability, 04/14/11, 11:00 am, 110 Senate Office Building
4/14/2011	Senate	• Favorable by Governmental Oversight and Accountability; YEAS 12 NAYS 0 -SJ 468
4/15/2011	Senate	• Now in Budget -SJ 468
4/27/2011	Senate	• Withdrawn from Budget -SJ 540 • Placed on Calendar, on 2nd reading
5/2/2011	Senate	• Placed on Consent Calendar, 05/03/11
5/3/2011	Senate	• Read 2nd time -SJ 747 • Amendment(s) adopted (108074) -SJ 747 • Substituted CS/CS/CS/HB 599 -SJ 747 • Laid on Table, companion bill(s) passed, see CS/CS/CS/HB 599 (Ch. 2011-170) -SJ 747

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CS/CS/SB 952, Committee Substitute 2 (Current Bill Version) Posted 4/5/2011 at 4:46 PM

Bill Text:	Web Page \| PDF

Analyses:	Governmental Oversight and Accountability (Pre-Meeting) 4/13/2011 (pdf) Governmental Oversight and Accountability (Post-Meeting) 4/15/2011 (pdf)

Related Bills (1)

Bill Number	Subject	Filed By	Relationship	Last Action and Location	Track Bills
H 599 (er)	Corporations Not For Profit	Passidomo	Similar	Last Action: 6/17/2011 Chapter No. 2011-170 Location: Became Law

Floor Amendments (1)

Amendment	Sponsor	Filed	Last Floor Action	Format
108074 - Amendment Delete lines 27 - 279 and insert:	Richter	5/2/2011 6:16 PM	Senate: Adopted 5/3/2011	Web Page PDF

Committee Votes (1)

Date	Committee	Result
4/14/2011 11:00 AM	Governmental Oversight and Accountability	12 Yeas - 0 Nays

Citations - Statutes (2)

Citation	Catchline	Location in Bill Location In Bill Help
617.2104		Page 1 (pdf)
1010.10	Florida Uniform Management of Institutional Funds Act.	Page 10 (pdf)

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CS/SB 952, Committee Substitute 1 Posted 3/23/2011 at 2:08 PM

Bill Text:	Web Page \| PDF

Analyses:	Higher Education (Pre-Meeting) 4/1/2011 (pdf) Higher Education (Post-Meeting) 4/5/2011 (pdf)

Related Bills (1)

Bill Number	Subject	Filed By	Relationship	Last Action and Location	Track Bills
H 599 (c2)	Uniform Prudent Management of Institutional Funds	Passidomo	Similar	Last Action: 6/17/2011 Chapter No. 2011-170 Location: Became Law

Committee Amendments (1)

Amendment	Sponsor	Filed	Last Committee Action	Format
521130 - Amendment Delete lines 207 - 256 and insert:	Higher Education (Lynn)	4/1/2011 4:45 PM	Replaced by Committee Substitute 4/4/2011	Web Page PDF

Committee Votes (1)

Date	Committee	Result
4/4/2011 3:15 PM	Higher Education	3 Yeas - 0 Nays

Citations - Statutes (2)

Citation	Catchline	Location in Bill Location In Bill Help
617.2104		Page 1 (pdf)
1010.10	Florida Uniform Management of Institutional Funds Act.	Page 10 (pdf)

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SB 952, Original Filed Version Posted 2/10/2011 at 7:12 AM

Bill Text:	Web Page \| PDF

Analyses:	Commerce and Tourism (Pre-Meeting) 3/21/2011 (pdf) Commerce and Tourism (Post-Meeting) 3/23/2011 (pdf)

Related Bills (1)

Bill Number	Subject	Filed By	Relationship	Last Action and Location	Track Bills
H 599 (c1)	Uniform Prudent Management of Institutional Funds	Passidomo	Similar	Last Action: 6/17/2011 Chapter No. 2011-170 Location: Became Law

Committee Amendments (2)

Amendment	Sponsor	Filed	Last Committee Action	Format
651460 - Amendment (Delete All) Delete everything after the enacting clause and insert:	Commerce and Tourism (Gaetz)	3/21/2011 1:18 PM	Replaced by Committee Substitute 3/22/2011	Web Page PDF
254470 - Amendment to Amendment (651460) Delete line 251 and insert:	Commerce and Tourism (Gaetz)	3/22/2011 8:45 AM	Replaced by Committee Substitute 3/22/2011	Web Page PDF

Committee Votes (1)

Date	Committee	Result
3/22/2011 1:15 PM	Commerce and Tourism	5 Yeas - 0 Nays

Citations - Statutes (2)

Citation	Catchline	Location in Bill Location In Bill Help
617.2104		Page 1 (pdf)
1010.10	Florida Uniform Management of Institutional Funds Act.	Page 10 (pdf)

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