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HB0060
UPMIFA-expenditure limitation.
Year
2010
Status
Proposed
Sponsor
Pedersen
Committee
Not Assigned
Introduced
Feb 9, 2010
16 years ago
Last Action
Assigned Chapter Number - 56
Status
Not Yet Signed
Bill is pending
Bill Synopsis
Raises the limit on how much nonprofits can spend from endowment funds each year before it's considered wasteful, from 5% to 7% of the fund's value.
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Individual Sponsor
This bill was sponsored by Pedersen rather than by a committee. Individual legislators can introduce bills that are then assigned to committees for review during the legislative process.
Documents & Resources
View Full Bill Text (PDF)
Official bill document
Last Action
Assigned Chapter Number - 56