---
type: "Bill"
title: "UNIFORM PRUDENT MGMT INST FUND"
description: "Creates the Uniform Prudent Management of Institutional Funds Act, proposed by the National Conference of Commissioners on Uniform State Laws. Provides for: standards of conduct in managing and investing an institutional fund held by a charitable institution for charitable purposes; appropriations by an institution for expenditure or accumulation of endowment funds; the delegation of management and investment functions; the release or modification of restrictions on the management, investment, or purpose of an institutional fund; compliance; application; construction; and other matters. Repeals the Uniform Management of Institutional Funds Act. Amends the Religious Corporation Act by making conforming changes."
jurisdiction: "us/states/il"
legislature: "Illinois General Assembly"
session: "96th"
identifier: "HB 811"
citation: "Illinois HB 811 (96th)"
classification: ["bill"]
subjects: []
status: "enacted"
primary_sponsors: []
version_count: 3
action_count: 43
vote_count: 3
first_action: "2009-02-09"
last_action: "2009-06-30"
source: "openstates"
source_identifier: "ocd-bill/649743c2-24a4-4989-9f0f-11b192cdd2e0"
source_url: "http://ilga.gov/legislation/BillStatus.asp?DocNum=811&GAID=10&DocTypeID=HB&LegId=42289&SessionID=76&GA=96"
source_hash: "fb74f7fffac0ea8dec7b930600d1cbf3b49406a6271ab98e756535684687573b"
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-il"]
---

# Illinois HB 811 (96th) — UNIFORM PRUDENT MGMT INST FUND

Creates the Uniform Prudent Management of Institutional Funds Act, proposed by the National Conference of Commissioners on Uniform State Laws. Provides for: standards of conduct in managing and investing an institutional fund held by a charitable institution for charitable purposes; appropriations by an institution for expenditure or accumulation of endowment funds; the delegation of management and investment functions; the release or modification of restrictions on the management, investment, or purpose of an institutional fund; compliance; application; construction; and other matters. Repeals the Uniform Management of Institutional Funds Act. Amends the Religious Corporation Act by making conforming changes.

## Version chain

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

1. **Introduced** (filed) — [source](http://ilga.gov/legislation/fulltext.asp?DocName=09600HB0811&GA=96&SessionId=76&DocTypeId=HB&LegID=42289&DocNum=811&GAID=10&Session=&print=true)
2. **Engrossed** (committee substitute) — [source](http://ilga.gov/legislation/fulltext.asp?DocName=09600HB0811eng&GA=96&SessionId=76&DocTypeId=HB&LegID=42289&DocNum=811&GAID=10&Session=&print=true)
3. **Enrolled** (enrolled) — [source](http://ilga.gov/legislation/fulltext.asp?DocName=09600HB0811enr&GA=96&SessionId=76&DocTypeId=HB&LegID=42289&DocNum=811&GAID=10&Session=&print=true)

## Votes

- Third Reading — **57–0** (pass) · upper
- Third Reading — **114–0** (pass) · lower
- Concurrence — **114–0** (pass) · lower

## Sponsors

- Lou Lang — primary (person)

## Timeline

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

- **2009-02-09** Filed with the Clerk by Rep. Lou Lang `filing`
- **2009-02-09** First Reading `reading-1`
- **2009-02-09** Referred to Rules Committee `referral-committee`
- **2009-02-11** Assigned to Executive Committee `referral-committee`
- **2009-02-23** Re-assigned to Financial Institutions Committee `referral-committee`
- **2009-03-10** House Committee Amendment No. 1 Filed with Clerk by Financial Institutions Committee `amendment-introduction`
- **2009-03-10** House Committee Amendment No. 1 Adopted in Financial Institutions Committee; by Voice Vote `amendment-passage`
- **2009-03-10** Do Pass as Amended / Short Debate Financial Institutions Committee; 020-000-000 `committee-passage`
- **2009-03-11** Placed on Calendar 2nd Reading - Short Debate
- **2009-03-23** Second Reading - Short Debate `reading-2`
- **2009-03-23** Held on Calendar Order of Second Reading - Short Debate `reading-2`
- **2009-03-24** Placed on Calendar Order of 3rd Reading - Short Debate
- **2009-03-24** Third Reading - Short Debate - Passed 114-000-000 `reading-3, passage`
- **2009-03-25** Arrive in Senate `introduction`
- **2009-03-25** Placed on Calendar Order of First Reading March 26, 2009 `reading-1`
- **2009-03-27** Chief Senate Sponsor Sen. John J. Cullerton
- **2009-03-27** Added as Alternate Chief Co-Sponsor Sen. Don Harmon
- **2009-03-30** First Reading `reading-1`
- **2009-03-30** Referred to Assignments `referral-committee`
- **2009-04-15** Assigned to Financial Institutions `referral-committee`
- **2009-04-21** Alternate Chief Sponsor Changed to Sen. Ira I. Silverstein
- **2009-04-27** Senate Committee Amendment No. 1 Filed with Secretary by Sen. Ira I. Silverstein `amendment-introduction`
- **2009-04-27** Senate Committee Amendment No. 1 Referred to Assignments `referral-committee`
- **2009-04-28** Senate Committee Amendment No. 1 Assignments Refers to Financial Institutions
- **2009-04-30** Senate Committee Amendment No. 1 Held in Financial Institutions
- **2009-04-30** Held in Financial Institutions
- **2009-05-07** Senate Committee Amendment No. 1 Adopted `amendment-passage`
- **2009-05-07** Do Pass as Amended Financial Institutions; 011-000-000 `committee-passage`
- **2009-05-07** Placed on Calendar Order of 2nd Reading May 12, 2009
- **2009-05-12** Second Reading `reading-2`
- **2009-05-12** Placed on Calendar Order of 3rd Reading May 13, 2009
- **2009-05-13** Third Reading - Passed; 057-000-001 `reading-3, passage`
- **2009-05-14** Arrived in House `introduction`
- **2009-05-14** Placed on Calendar Order of Concurrence Senate Amendment(s) 1
- **2009-05-18** Senate Committee Amendment No. 1 Motion Filed Concur Rep. Lou Lang
- **2009-05-18** Senate Committee Amendment No. 1 Motion to Concur Referred to Rules Committee `referral-committee`
- **2009-05-19** Senate Committee Amendment No. 1 Motion to Concur Recommends Be Adopted Rules Committee; 004-000-000
- **2009-05-22** Senate Committee Amendment No. 1 House Concurs 114-000-000
- **2009-05-22** Passed Both Houses
- **2009-06-19** Sent to the Governor `executive-receipt`
- **2009-06-30** Governor Approved `executive-signature`
- **2009-06-30** Effective Date June 30, 2009
- **2009-06-30** Public Act . . . . . . . . . 96-0029 `became-law`

## Source

OpenStates / OpenCivicData bulk snapshot [2026-07-01](https://data.openstates.org/daily/2026-07-01/public.pgdump); origin `ocd-bill/649743c2-24a4-4989-9f0f-11b192cdd2e0`. Confidence: reported (aggregated from official Illinois legislature records).