HB 1382 (2008): adopting the uniform prudent management of institutional funds act.

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“HB 1382 (2008): adopting the uniform prudent management of institutional funds act.” Granite Record, https://graniterecord.org/bill/2008/hb1382. Accessed 24 Oct. 2026.
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@misc{bill-2008-hb1382, title = {HB 1382 (2008): adopting the uniform prudent management of institutional funds act.}, howpublished = {Granite Record}, url = {https://graniterecord.org/bill/2008/hb1382}, note = {Accessed 24 Oct. 2026} }

HB 1382 (2008)

adopting the uniform prudent management of institutional funds act.

  • Status: Signed into law
  • Term: 2007-2008
  • House committee: Commerce
  • Senate committee: Commerce, Labor and Consumer Protection
  • Subject: Miscellaneous
  • Chapter law: 75

The Story

It was introduced on January 2, 2008 and referred to the House Commerce committee. The committee held a public hearing on January 9, 2008. The committee held work sessions on January 24, 2008, January 29, 2008 and February 5, 2008. The committee met in executive session on February 12, 2008 to vote on its recommendation. The committee held a work session on February 12, 2008. The committee voted unanimously, 15–0, to recommend that the House pass it with changes (amendment 0391h). The committee's amendment (0391h) was adopted on a voice vote on March 5, 2008, changing the text of the bill. On March 5, 2008 the House voted to pass it with changes on a voice vote. It crossed to the Senate on March 13, 2008 and was referred to the Senate Commerce, Labor and Consumer Protection committee. The committee held a public hearing on April 8, 2008. The committee recommended that the Senate pass it. On April 17, 2008 the Senate voted to pass it on a voice vote and ordered it to a third reading. The bill was enrolled on April 30, 2008 — the final check of the text before it goes to the governor — and an enrolled bill amendment (1527) was adopted to correct technical errors found after passage. The bill was enrolled on May 1, 2008 — the final check of the text before it goes to the governor. The governor signed it on May 21, 2008, making it Chapter 75 of the session laws.

Sponsors

Hearings and Sessions

  • January 9, 2008, 11:00 AM: public hearing, House Commerce, LOB 302
  • January 24, 2008, 9:00 AM: subcommittee work session, House Commerce, LOB 302
  • January 29, 2008, 11:30 AM: subcommittee work session, House Commerce, LOB 302
  • February 5, 2008, 9:55 AM: subcommittee work session, House Commerce, LOB 302
  • February 12, 2008, 9:45 AM: subcommittee work session, House Commerce, LOB 302
  • February 12, 2008, 2:30 PM: executive session, House Commerce, LOB 302
  • April 8, 2008, 10:55 AM: hearing, Senate Commerce, Labor and Consumer Protection, LOB 102

Votes

  • March 5, 2008, House: Ought to Pass with Amendment #0391h — voice vote, passed
  • April 17, 2008, Senate: Ought to Pass — voice vote, passed

The Docket

  • January 2, 2008: Introduced 1/2/2008 and Referred to Commerce
  • January 9, 2008: Public Hearing: 1/9/2008 11:00 AM LOB 302
  • January 24, 2008: Subcommittee Work Session: 1/24/2008 9:00 AM LOB 302
  • January 29, 2008: Subcommittee Work Session: 1/29/2008 11:30 AM LOB 302
  • February 5, 2008: Subcommittee Work Session: 2/5/2008 9:55 AM LOB 302
  • February 12, 2008: Executive Session: 2/12/2008 2:30 PM LOB 302
  • February 12, 2008: Subcommittee Work Session: 2/12/2008 9:45 AM LOB 302
  • February 14, 2008: Committee Report: Ought to Pass with Amendment #0391h for Mar 5 CC (vote 15-0)
  • February 14, 2008: Proposed Committee Amendment #0391h
  • March 5, 2008: Amendment #0391h Adopted, VV
  • March 5, 2008: Ought to Pass with Amendment #0391h: MA VV
  • March 13, 2008: Introduced and Referred to Commerce, Labor and Consumer Protection
  • April 8, 2008: Hearing; April 8, 2008, Room 102, LOB, 10:55 a.m.; SC14
  • April 8, 2008: Committee Report; Ought to Pass [04/17/08]; SC15
  • April 17, 2008: Ought to Pass, MA, VV; OT3rdg
  • April 17, 2008: Passed by Third Reading Resolution
  • April 30, 2008: Enrolled Bill Amendment #1527 Adopted
  • April 30, 2008: Enrolled Bill Amendment{1527}, Adopted [04/24/08]; SJ 14A, Pg.469
  • April 30, 2008: Enrolled
  • May 1, 2008: Enrolled
  • May 21, 2008: Signed by the Governor on 05/21/2008; Effective 07/01/2008; Chapter 0075

Laws It Would Change

From the General Court