College Savings Plan; provide for exclusion of certain financial record from Freedom of Information. (SB1251)
Introduced By
Sen. Yvonne Miller (D-Norfolk)
Progress
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Introduced |
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Passed Committee |
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Passed House |
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Passed Senate |
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Signed by Governor |
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Became Law |
Description
Virginia College Savings Plan. Provides for: (i) the exclusion of certain financial records of the Virginia College Savings Plan from the Freedom of Information Act; (ii) the authorization for closed meetings of the Board of the Virginia College Savings Plan in certain circumstances; (iii) the expansion of the Virginia College Savings Plan Board from eight to 11 members; (iv) the creation of two advisory committees to the Board; and (v) the authority for the Virginia College Savings Plan Board to establish scholarships or matching grant programs for qualified students. The bill also renames the individual hired by the Virginia College Savings Plan Board to direct, manage, and administer the Plan as the "chief executive officer," rather than the current designation of "executive director." Amends § 2.2-3705.7 (“Exclusions to application of chapter; records of specific public bodies and certain other limited exemptions.”), § 2.2-3711 (“Closed meetings authorized for certain limited purposes.”), § 23-38.76 (“Virginia College Savings Plan established; governing board; terms.”), § 23-38.77 (“Powers and duties of Board.”), § 23-38.79 (“Chief executive officer; qualifications; duties.”), § 23-38.79:1 (“Advisory committees to the Board; membership; terms; qualifications; duties.”), § 23-38.80 (“Standard of care; investment and administration of Plan.”), § 23-38.87 (“Payroll deductions.”), § 23-38.87:1 (“Liberal construction of chapter.”), § 23-38.88 (“Eligibility for restructured financial and administrative operational authority.”), § 23-9.2:3.03 (“”), of the Code of Virginia. View Full Text »
