Legislature(2009 - 2010)SENATE FINANCE 532

04/16/2010 09:00 AM FINANCE


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* first hearing in first committee of referral
+ teleconferenced
= bill was previously heard/scheduled
+= SB 309 GAS EXPLORATION\DEVELOPMENT TAX CREDIT TELECONFERENCED
Moved CSSB 309(FIN) Out of Committee
+= HB 168 TRAUMA CARE CENTERS/FUND TELECONFERENCED
Moved SCS CSHB 168(FIN) Out of Committee
+= HCR 22 ALASKA NORTHERN WATERS TASK FORCE TELECONFERENCED
Moved CSHCR 22(FIN) Out of Committee
+= HB 294 USE, REGULATION, AND OPERATION OF BOATS TELECONFERENCED
Moved SCS CSHB 294(FIN) Out of Committee
+= HB 342 EXTEND BOARD OF REAL ESTATE APPRAISERS TELECONFERENCED
Moved HB 342 Out of Committee
+= HB 376 EXTEND BD OF PSYCHOLOGIST & PSYCH. ASSOC. TELECONFERENCED
Moved HB 376 Out of Committee
+ HB 73 FIREFIGHTER/EMT LICENSE PLATES TELECONFERENCED
Heard & Held
+ HB 190 CHILDREN'S TRUST TELECONFERENCED
Heard & Held
+ HB 416 PRUDENT MANAGEMENT OF INSTITUTIONAL FUNDS TELECONFERENCED
Heard & Held
+ HB 126 EXTEND/RESUME STATE CUSTODY OF CHILDREN TELECONFERENCED
Bill Postponed To Afternoon Meeting
+ HB 184 DEBT AUTHORIZATION FOR UNIVERSITY TELECONFERENCED
Scheduled But Not Heard
+ Bills Previously Heard/Scheduled TELECONFERENCED
HOUSE BILL NO. 416                                                                                                            
                                                                                                                                
     "An Act adopting and relating to the Uniform Prudent                                                                       
     Management of Institutional Funds Act; relating to the                                                                     
     investment of money for charitable purposes by                                                                             
     institutions, including governmental institutions; and                                                                     
     relating to the University of Alaska."                                                                                     
                                                                                                                                
Co-Chair Stedman said it was  the first hearing on the bill.                                                                    
He noted two  zero fiscal notes, one from  the Department of                                                                    
Law and one from the University.                                                                                                
                                                                                                                                
CONRAD  JACKSON, STAFF,  REPRESENTATIVE KURT  OLSON, updated                                                                    
the committee  on the  bill which would  allow the  state to                                                                    
adopt the Uniform Prudent  Management of Institutional Funds                                                                    
Act  (UPMIFA),  which  builds  on almost  35  years  of  the                                                                    
institutional  fund management  program.  Almost all  states                                                                    
have adopted  UPMIFA; only  six states  have not.  He termed                                                                    
the bill  a definite benefit  to Alaska. He called  the bill                                                                    
"default  legislation".  If  a  fund is  governed  by  other                                                                    
provisions  such  as  a  donor  agreement,  if  there  is  a                                                                    
conflict, UPMIFA takes a back seat.                                                                                             
                                                                                                                                
HB  416  was  heard  and   HELD  in  Committee  for  further                                                                    
consideration.                                                                                                                  
                                                                                                                                
10:01:39 AM                                                                                                                   
                                                                                                                                

Document Name Date/Time Subjects
HB 73 Proposed SCS Fin Version T 041610.pdf SFIN 4/16/2010 9:00:00 AM
HB 73
HB 294 Amendment 1 Egan 041610SFIN.pdf SFIN 4/16/2010 9:00:00 AM
HB 294
SB 309 Proposed SCS SFIN Version S 041610.pdf SFIN 4/16/2010 9:00:00 AM
SB 309