VA HB2296 | 2011 | Regular Session

Status

Spectrum: Partisan Bill (Democrat 1-0)
Status: Introduced on January 12 2011 - 25% progression, died in committee
Action: 2011-02-08 - House: Left in Appropriations
Pending: House Appropriations Committee
Text: Latest bill text (Introduced) [HTML]

Summary

Commonwealth Scholars Program and Investment Fund; established. Provides for the establishment of the Commonwealth Scholars Program and Investment Fund whereby public or private organizations and individuals may make monetary contributions to provide scholarships for eligible students in order to expand access to higher education. Scholarship funds may be paid to any accredited, degree-granting public or private nonprofit institution of higher education in Virginia. Eligibility for the scholarships is limited to domiciled residents of Virginia as defined by §23-7.4 and who are admitted and enrolled as full-time students in a public or nonprofit private institution of higher education, and any other criteria established by the Council. Each scholarship recipient will be required to sign a promissory note agreeing to annually pay back into the Fund a percentage of his annual income, not to exceed five percent, beginning five years after the end of the scholarship funded program, and for a period not to exceed 25 years.

Tracking Information

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Title

Commonwealth Scholars Program and Investment Fund; established.

Sponsors


Roll Calls

2011-02-02 - House - House: Subcommittee recommends laying on the table (8-Y 0-N) (Y: 8 N: 0 NV: 0 Abs: 0) [PASS]

History

DateChamberAction
2011-02-08 House: Left in Appropriations
2011-02-02 House: Subcommittee recommends laying on the table (8-Y 0-N)
2011-01-31 House: Assigned App. sub: Higher Education
2011-01-31 House: Referred to Committee on Appropriations
2011-01-31 House: Referred from Education by voice vote
2011-01-25 House: Subcommittee recommends referring to Committee on Appropriations
2011-01-18 House: Assigned Education sub: #4 Higher Education and Arts
2011-01-12 House: Referred to Committee on Education
2011-01-12 House: Prefiled and ordered printed; offered 01/12/11 11101586D

Subjects


Virginia State Sources


Bill Comments

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