ULC

Legislative Fact Sheet - Management of Institutional Funds Act

Act Management of Institutional Funds Act
Origin Completed by the Uniform Law Commissioners in 1990.
Description UMIFA provides statutory guidelines for management, investment, and expenditures of endowment funds of institutions, and enables them to maximize their resources consistent with the standard of prudence.
Endorsements
Enactments Arkansas, California, Colorado, Connecticut, Delaware, District of Columbia, Florida, Georgia, Hawaii, Illinois, Indiana, Iowa, Kansas, Maine, Maryland, Massachusetts, Minnesota, Mississippi, Missouri, Nebraska, Nevada, New Hampshire, New Jersey, New Mexico, North Carolina, North Dakota, Ohio, Oklahoma, Oregon, South Carolina, Utah, Vermont, Virginia, Washington, West Virginia, Wyoming
2018 Introductions
Staff Liaison(s)