Higher Education, Council of; creation of nonstock corporation to support academic research. (HB987)

Introduced By

Del. Dave Nutter (R-Christiansburg)

Progress

Introduced
Passed Committee
Passed House
Passed Senate
Signed by Governor
Became Law

Description

State Council of Higher Education for Virginia; creation of nonstock corporation to support academic research. Requires the State Council of Higher Education for Virginia to establish a nonprofit, nonstock corporation under Chapter 10 ( 13.1-801 et seq.) of Title 13.1 as a public instrumentality exercising public and essential governmental functions to assist the Council in (i) supporting academic research in Virginia; (ii) encouraging research initiatives, with emphasis on biological systems and nanotechnology, to support Virginia industry; (iii) directing the disbursement of funds for such research initiatives based on established scientific criteria from the Academic Research Initiative Fund created pursuant to this section; and (iv) conducting or undertaking other activities useful in carrying out the provisions of this section. The Council shall require such corporation to report to it at least annually on its activities. The bill sets out the composition of the board of directors for such corporation. Read the Bill »

Outcome

Bill Has Failed

History

DateAction
01/08/2008Prefiled and ordered printed; offered 01/09/08 078375660
01/08/2008Referred to Committee on Education
01/16/2008Referred from Education
01/16/2008Referred to Committee on Appropriations
01/18/2008Impact statement from DPB (HB987)
01/18/2008Assigned App. sub: Higher Education (Morgan)
02/04/2008Continued to 2009 in Appropriations
12/04/2008Left in Appropriations