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CS/CS/CS/HB 599: Corporations Not For Profit

GENERAL BILL by Economic Affairs Committee ; Civil Justice Subcommittee ; Insurance and Banking Subcommittee ; Passidomo ; (CO-INTRODUCERS) Boyd

Corporations Not For Profit; Provides requirements for management of funds held by institution exclusively for charitable purposes; provides standards of conduct in managing & investing institutional funds; provides requirements for appropriation for expenditure or accumulation of endowment fund; authorizes institution to delegate certain activities to external agent & to release or modify certain restrictions on institutional fund; provides for application to existing or newly established institutional funds; provides relationship to federal law, etc.

Effective Date: except as otherwise provided
Last Action: 6/17/2011 - Chapter No. 2011-170
Bill Text: Web Page | PDF



Bill History

Date Chamber Action
2/3/2011 House • Filed
2/16/2011 House • Referred to Insurance and Banking Subcommittee; Civil Justice Subcommittee; Appropriations Committee; Economic Affairs Committee -HJ 54
3/7/2011 House • On Committee agenda-- Insurance and Banking Subcommittee, 03/09/11, 8:00 am, 404 HOB
3/8/2011 House • Introduced -HJ 53
3/9/2011 House • CS by Insurance and Banking Subcommittee; YEAS 14 NAYS 0 -HJ 211
3/10/2011 House • Pending review of CS under Rule 7.19(c)
• CS by Insurance and Banking Subcommittee read 1st time -HJ 209
3/11/2011 House • Now in Civil Justice Subcommittee -HJ 219
3/25/2011 House • On Committee agenda-- Civil Justice Subcommittee, 03/29/11, 12:00 pm, 404 HOB
3/29/2011 House • CS/CS by Civil Justice Subcommittee; YEAS 13 NAYS 0 -HJ 415
4/5/2011 House • Pending review of CS under Rule 7.19(c)
• CS/CS by Civil Justice Subcommittee read 1st time -HJ 411
4/6/2011 House • Now in Appropriations Committee -HJ 450
4/13/2011 House • On Committee agenda-- Appropriations Committee, 04/15/11, 9:45 am, Webster Hall --Not considered
• On Committee agenda-- Appropriations Committee, 04/15/11, 11:30 am or upon adjournment of session, Webster Hall
4/15/2011 House • Favorable by Appropriations Committee; YEAS 22 NAYS 0 -HJ 671
4/18/2011 House • Now in Economic Affairs Committee -HJ 671
4/19/2011 House • On Committee agenda-- Economic Affairs Committee, 04/21/11, 11:00 am, Reed Hall
4/21/2011 House • CS/CS/CS by- Economic Affairs Committee; YEAS 16 NAYS 0 -HJ 775
4/25/2011 House • Pending review of CS -under Rule 7.19(c)
• CS/CS/CS by Economic Affairs Committee read 1st time -HJ 771
4/26/2011 House • Placed on Calendar -HJ 836
• Placed on Special Order Calendar, 04/28/11
4/28/2011 House • Read 2nd time -HJ 863
• Amendment(s) adopted (782537) -HJ 863
• Read 3rd time -HJ 863
• CS passed as amended; YEAS 117 NAYS 0 -HJ 863
4/28/2011 Senate • In Messages
5/2/2011 Senate • Received -SJ 717
• Referred to Commerce and Tourism; Higher Education; Governmental Oversight and Accountability -SJ 717
5/3/2011 Senate • Withdrawn from Commerce and Tourism; Higher Education; Governmental Oversight and Accountability -SJ 747
• Placed on Calendar, on 2nd reading
• Substituted for CS/CS/SB 952 -SJ 747
• Read 2nd time -SJ 747
• Read 3rd time -SJ 747
• CS passed; YEAS 39 NAYS 0 -SJ 747
5/3/2011 House • Ordered enrolled -HJ 1102
6/9/2011 • Signed by Officers and presented to Governor
6/17/2011 • Approved by Governor
• Chapter No. 2011-170