VA HB1972 | 2019 | Regular Session


Spectrum: Partisan Bill (Republican 1-0)
Status: Introduced on January 7 2019 - 25% progression
Action: 2019-01-14 - Subcommittee recommends referring to Committee on Appropriations
Text: Latest bill text (Prefiled) [HTML]


Virginia College Savings Plan. Makes several changes to the provisions that establish the Virginia College Savings Plan (the Plan), including (i) permitting the Plan to maintain an independent disbursement system for the disbursement of prepaid tuition contract benefits and (ii) requiring each prepaid tuition contract entered into on or after July 1, 2019, 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. The bill has an emergency clause.

Tracking Information

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Virginia College Savings Plan; prepaid tuition contracts, etc.


Roll Calls

2019-01-14 - House - House: Subcommittee recommends reporting (8-Y 0-N) (Y: 8 N: 0 NV: 0 Abs: 0) [PASS]


2019-01-14HouseSubcommittee recommends referring to Committee on Appropriations
2019-01-14HouseSubcommittee recommends reporting (8-Y 0-N)
2019-01-11HouseAssigned Education sub: Subcommittee #3
2019-01-07HouseReferred to Committee on Education
2019-01-07HousePrefiled and ordered printed with emergency clause; offered 01/09/19 19101659D

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