HB6207 — Businesses: charitable organizations; rebuttable presumption of imprudence for certain expenditures from an endowment fund; provide for. Amends sec. 4 of 2009 PA 87 (MCL 451.924).

HB6207 — Businesses: charitable organizations; rebuttable presumption of imprudence for certain expenditures from an endowment fund; provide for. Amends sec. 4 of 2009 PA 87 (MCL 451.924). · Informed CitizenryThis bill amends the Uniform Prudent Management of Institutional Funds Act to establish rules for how institutions manage and spend endowment funds. It specifies that institutions must act in good…Open in Informed Citizenry