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HB1199

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

Status:
Killed

Chief Patron:
Roxann Robinson (R)

Session:
2018 Regular Session

Summary

As Introduced. 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. (Less)

  • Bill History

  • 01/10/2018 - House: Prefiled and ordered printed; offered 01/10/18 18102840D
  • 01/10/2018 - House: Referred to Committee on Appropriations
  • 01/17/2018 - House: Impact statement from DPB (HB1199)
  • 01/19/2018 - House: Assigned App. sub: Higher Education
  • 02/05/2018 - House: Subcommittee recommends continuing to 2019
  • 02/13/2018 - House: Left in Appropriations

Full text and vote history:

Virginia Legislative Information System

RichmondSunlight.com

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