UNIFORM PRUDENT MGMT INST FUND House SponsorsRep. James D. Brosnahan 1/13/2009HouseSession Sine Die New Act760 ILCS 50/Act rep.805 ILCS 110/41from Ch. 32, par. 170805 ILCS 110/43from Ch. 32, par. 172805 ILCS 110/46efrom Ch. 32, par. 180805 ILCS 110/46ffrom Ch. 32, par. 181805 ILCS 110/46gfrom Ch. 32, par. 182805 ILCS 110/46jfrom Ch. 32, par. 185 Creates the Uniform Prudent Management of Institutional Funds Act, proposed by the National Conference of Commissioners on Uniform State Laws. Provides for: standards of conduct in managing and investing an institutional fund held by a charitable institution for charitable purposes; appropriations by an institution for expenditure or accumulation of endowment funds; the delegation of management and investment functions; the release or modification of restrictions on the management, investment, or purpose of an institutional fund; compliance; application; construction; and other matters. Repeals the Uniform Management of Institutional Funds Act. Amends the Religious Corporation Act by making conforming changes. 2/13/2008HouseFiled with the Clerk by Rep. James D. Brosnahan 2/13/2008HouseFirst Reading 2/13/2008HouseReferred to Rules Committee 1/13/2009HouseSession Sine Die