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1998 SESSION

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SB 606 Investment of University of Virginia endowment funds.

Introduced by: Charles R. Hawkins | all patrons    ...    notes | add to my profiles

SUMMARY:

Investment of University of Virginia endowment funds; exemption of such investments from the Virginia Public Procurement Act. Exempts the selection of services for the management and investment of endowment funds of the University of Virginia from the Virginia Public Procurement Act and requires the board of visitors, shielded from personal liability, to direct the University's endowment in accordance with the provisions of the Uniform Management of Institutional Funds Act. This measure is identical to HB 678.


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