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 noted  it was  the second  hearing on  the                                                                    
bill.  He  reported two  zero  fiscal  notes, one  from  the                                                                    
Department of Law and one from the University.                                                                                  
                                                                                                                                
11:54:20 AM                                                                                                                   
                                                                                                                                
Co-Chair Hoffman  MOVED to  report HB  416 out  of Committee                                                                    
with individual recommendations  and the accompanying fiscal                                                                    
note. There being NO OBJECTION, it was so ordered.                                                                              
                                                                                                                                
HB  416 was  REPORTED  out  of Committee  with  a "do  pass"                                                                    
recommendation  and  with   two  previously  published  zero                                                                    
fiscal notes: FN 1 LAW and FN 2 UA.                                                                                             
                                                                                                                                
AT-EASE        11:54:54 AM                                                                                                    
RECONVENED     11:55:36 AM