---
type: "Bill"
title: "Prudent Management of Institutional Funds."
description: "Prudent Management of Institutional Funds."
jurisdiction: "us/states/nc"
legislature: "North Carolina General Assembly"
session: "2009"
identifier: "SB 127"
citation: "North Carolina SB 127 (2009)"
classification: ["bill"]
subjects: ["CORPORATIONS", "NON-PROFIT", "FINANCIAL SERVICES", "PRESENTED", "PUBLIC", "RATIFIED", "TRUSTS", "SEN. HARTSELL", "CHAPTERED"]
status: "enacted"
primary_sponsors: []
version_count: 6
action_count: 18
vote_count: 2
first_action: "2009-02-11"
last_action: "2009-03-19"
source: "openstates"
source_identifier: "ocd-bill/c89ca833-0743-480b-a65f-09c9ed546488"
source_url: "http://www.ncleg.net/gascripts/BillLookUp/BillLookUp.pl?Session=2009&BillID=S127&votesToView=all"
source_hash: "ddc470360a3318b3c768cc8f3d3082f8ebc7703eda1e5013fc0c5aa85c55634a"
vintage: "2026-07-01"
source_snapshot: "https://data.openstates.org/daily/2026-07-01/public.pgdump"
retrieved_at: "2026-07-06"
confidence: "reported"
tags: ["legislation", "bill", "us-nc"]
---

# North Carolina SB 127 (2009) — Prudent Management of Institutional Funds.

## Version chain

The bill's text revisions, in order — the diff chain from filing to enrollment.

1. **Filed** (filed) — [source](http://www.ncleg.net/Sessions/2009/Bills/Senate/PDF/S127v0.pdf)
2. **Edition 1** (committee substitute) — [source](http://www.ncleg.net/Sessions/2009/Bills/Senate/PDF/S127v1.pdf)
3. **Edition 2** (committee substitute) — [source](http://www.ncleg.net/Sessions/2009/Bills/Senate/PDF/S127v2.pdf)
4. **Edition 3** (committee substitute) — [source](http://www.ncleg.net/Sessions/2009/Bills/Senate/PDF/S127v3.pdf)
5. **Ratified** (committee substitute) — [source](http://www.ncleg.net/Sessions/2009/Bills/Senate/PDF/S127v4.pdf)
6. **SL2009-8** (committee substitute) — [source](http://www.ncleg.net/Sessions/2009/Bills/Senate/PDF/S127v5.pdf)

## Votes

- Motion 8\To Concur — **50–0** (pass) · upper
- Second Reading — **110–6** (pass) · lower

## Sponsors

- Atwater — cosponsor (person)
- Hartsell — cosponsor (person)

## Timeline

The legislative action history — every referral, reading, and vote.

- **2009-03-19** Ch. SL 2009-8 `became-law`
- **2009-03-19** Signed By Gov. 3/19/2009 `executive-signature`
- **2009-03-18** Pres. To Gov. 3/17/2009 `executive-receipt`
- **2009-03-17** Ratified
- **2009-03-16** Concurred In H/com Sub `amendment-passage`
- **2009-03-12** Placed On Cal For 3/16/2009
- **2009-03-12** Rec To Concur H Com Sub
- **2009-03-11** Passed 2nd & 3rd Reading `passage, reading-2, reading-3`
- **2009-03-10** Placed On Cal For 3/11/2009
- **2009-03-10** Cal Pursuant Rule 36(b)
- **2009-03-10** Reptd Fav Com Substitute `committee-passage-favorable`
- **2009-03-03** Ref To Com On Judiciary I `referral-committee`
- **2009-03-03** Passed 1st Reading `reading-1`
- **2009-02-26** Passed 2nd & 3rd Reading `passage, reading-2, reading-3`
- **2009-02-25** Com Substitute Adopted
- **2009-02-25** Reptd Fav Com Substitute `committee-passage-favorable`
- **2009-02-12** Ref To Com On Judiciary II `referral-committee`
- **2009-02-11** Filed `introduction`

## Source

OpenStates / OpenCivicData bulk snapshot [2026-07-01](https://data.openstates.org/daily/2026-07-01/public.pgdump); origin `ocd-bill/c89ca833-0743-480b-a65f-09c9ed546488`. Confidence: reported (aggregated from official North Carolina legislature records).