Hawaii Senate Bill 121 (Prior Session Legislation)

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Spectrum: Partisan Bill (Democrat 1-0)
Status: Engrossed on March 6 2009 - 50% progression, died in chamber
Action: 2009-05-11 - Carried over to 2010 Regular Session.
Text: Latest bill text (Amended) [HTML]

Enacts Uniform Prudent Management of Institutional Funds Act to replace and update existing Uniform Management of Institutional Funds Act. Provides guidance and authority to charitable organizations concerning the management and investment of funds held by those organizations. Provides additional protections for charities and also protects the interests of donors. Modernizes rules governing expenditures from endowment funds. Gives institutions ability to cope more easily with fluctuations in the value of the endowment. Updates provisions governing the release and modification of restrictions on charitable funds to permit more efficient management of these funds. (SD1)

Uniform Prudent Management of Institutional Funds Act

Sen. Brian Taniguchi [D]

Date	Chamber	Action
2009-05-11		Carried over to 2010 Regular Session.
2009-03-20		(H) Passed Second Reading and referred to the committee(s) on FIN with none voting no (0) and Chang, McKelvey, Morita, Takai, Thielen excused (5).
2009-03-19		(H) Reported from CPC (Stand. Com. Rep. No. 1034), recommending passage on Second Reading and referral to FIN.
2009-03-16		(H) The committees on CPC recommend that the measure be PASSED, UNAMENDED. The votes were as follows: 12 Ayes: Herkes, Wakai, Cabanilla, Ito, Karamatsu, Luke, McKelvey, Mizuno, Souki, Tsuji, Marumoto, Thielen; Ayes with reservations: none; 0 Noes: none; and 3 Excused: Belatti, Carroll, Morita.
2009-03-12		(H) Bill scheduled to be heard by CPC on Monday, 03-16-09 2:15pm in House conference room 325.
2009-03-10		(H) Pass First Reading
2009-03-10		(H) Referred to CPC, FIN, referral sheet 26
2009-03-06		(H) Received from Senate (Sen. Com. No. 45) in amended form (SD 1).
2009-03-06		(S) Report adopted; Passed Third Reading. Ayes, 24; Aye(s) with reservations: none . Noes, 0 (none). Excused, 1 (Hemmings). Transmitted to House.
2009-03-05		(S) One Day Notice 03-06-09.
2009-03-05		(S) Reported from JGO (Stand. Com. Rep. No. 524) with recommendation of passage on Third Reading.
2009-02-26		(S) The committee(s) on JGO recommend(s) that the measure be PASSED, UNAMENDED. The votes in JGO were as follows: 4 Aye(s): Senator(s) Taniguchi, Takamine, Gabbard, Slom; Aye(s) with reservations: none ; 0 No(es): none; and 2 Excused: Senator(s) Bunda, Nishihara.
2009-02-24		(S) The committee(s) on JGO will hold a public decision making on 02-26-09 9:00am in conference room 016.
2009-02-20		(S) Report adopted; Passed Second Reading, as amended (SD 1) and referred to JGO.
2009-02-20		(S) Reported from CPN (Stand. Com. Rep. No. 241) with recommendation of passage on Second Reading, as amended (SD 1) and referral to JGO.
2009-02-17		(S) The committee(s) on CPN recommend(s) that the measure be PASSED, WITH AMENDMENTS. The votes in CPN were as follows: 6 Aye(s): Senator(s) Baker, Ige, Espero, Green, Ihara, Sakamoto; Aye(s) with reservations: none ; 0 No(es): none; and 1 Excused: Senator(s) Hemmings.
2009-02-13		(S) The committee(s) on CPN has scheduled a public hearing on 02-17-09 8:30 AM in conference room 229.
2009-01-26		(S) Referred to CPN, JGO.
2009-01-23		(S) Passed First Reading.
2009-01-23		(S) Introduced.

Type	Source
Summary	http://capitol.hawaii.gov/Archives/measure_indiv_Archives.aspx?billtype=SB&billnumber=121&year=2010
Text	http://www.capitol.hawaii.gov/session2010/Bills/SB121_.HTM
Text	http://www.capitol.hawaii.gov/session2010/Bills/SB121_SD1_.HTM
Text	http://www.capitol.hawaii.gov/session2010/CommReports/SB121_SD1_HSCR1034_.HTM
Text	http://www.capitol.hawaii.gov/session2010/CommReports/SB121_SD1_SSCR241_.HTM
Text	http://www.capitol.hawaii.gov/session2010/CommReports/SB121_SD1_SSCR524_.HTM