VA HB1199 | 2018 | Regular Session

Status

Spectrum: Partisan Bill (Republican 1-0)
Status: Introduced on January 10 2018 - 25% progression, died in committee
Action: 2018-02-13 - Left in Appropriations
Pending: House Appropriations Committee
Text: Latest bill text (Prefiled) [HTML]

Summary

Virginia College Savings Plan. Makes several changes to the provisions that establish the Virginia College Savings Plan (the Plan), including (i) clarifying that members of the Plan's governing board (the board) are required to disclose personal interests pursuant to the State and Local Government Conflict of Interests Act, (ii) permitting the Plan to maintain an independent disbursement system for the disbursement of prepaid tuition contract benefits, and (iii) requiring each prepaid tuition contract entered into on or after July 1, 2018, to include provisions for the application of tuition prepayments, at a rate equal to the percentage of enrollment-weighted average tuition at public institutions of higher education to be determined by the board, at (a) public institutions of higher education, (b) accredited nonprofit independent or private institutions of higher education, and (c) non-Virginia public and accredited nonprofit independent or private institutions of higher education, provided that no such payment is less than the sum of tuition prepayments made, less any fees as determined by the board.

Tracking Information

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Title

Virginia College Savings Plan; members of governing board to disclose personal interests, etc.

Sponsors


History

DateChamberAction
2018-02-13HouseLeft in Appropriations
2018-02-05HouseSubcommittee recommends continuing to 2019 by voice vote
2018-01-19HouseAssigned App. sub: Higher Education
2018-01-10HouseReferred to Committee on Appropriations
2018-01-10HousePrefiled and ordered printed; offered 01/10/18 18102840D

Code Citations

ChapterArticleSectionCitation TypeStatute Text
231700(n/a)See Bill Text
231701(n/a)See Bill Text
231704(n/a)See Bill Text
231706(n/a)See Bill Text
231707(n/a)See Bill Text
231711(n/a)See Bill Text

Virginia State Sources


Bill Comments

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