University of Virginia; authorizes Bd. of Visitors to invest & manage nongeneral fund reserves, etc. (HB1740)

Introduced By

Del. Bill Fralin (R-Roanoke) with support from co-patron Del. John Welch (R-Virginia Beach)


Passed Committee
Passed House
Passed Senate
Signed by Governor
Became Law


Board of Visitors of the University of Virginia. Authorizes the board of visitors of the University of Virginia to invest and manage nongeneral fund reserves and balances as well as local funds of or held by the University. Exempts members of the board of visitors from personal liability for losses suffered by investment of nongeneral fund reserves and balances or local funds of or held by the University. The bill also exempts the investment and management of nongeneral fund reserves and balances and local funds of or held by the University from the Virginia Public Procurement Act. Finally, the bill allows the nongeneral fund reserves and balances and local funds of or held by the University to be invested or reinvested in derivatives, options, and financial securities. Read the Bill »


03/19/2007: signed by governor


12/22/2006Prefiled and ordered printed; offered 01/10/07 078321302
12/22/2006Referred to Committee on Education
01/15/2007Impact statement from DPB (HB1740)
01/15/2007Assigned Education sub: Higher Education (Rust)
01/22/2007Reported from Education (21-Y 0-N) (see vote tally)
01/23/2007Read first time
01/24/2007Read second time and engrossed
01/25/2007Read third time and passed House BLOCK VOTE (98-Y 0-N)
01/25/2007VOTE: BLOCK VOTE PASSAGE (98-Y 0-N) (see vote tally)
01/25/2007Communicated to Senate
01/26/2007Constitutional reading dispensed
01/26/2007Referred to Committee on Education and Health
02/02/2007Assigned Education sub: Higher Education
02/15/2007Rereferred to Finance
02/19/2007Constitutional reading dispensed (40-Y 0-N)
02/19/2007VOTE: (40-Y 0-N) (see vote tally)
02/20/2007Read third time
02/20/2007Reading of amendment waived
02/20/2007Committee amendment agreed to
02/20/2007Engrossed by Senate as amended
02/20/2007Passed Senate with amendment (40-Y 0-N)
02/20/2007VOTE: (40-Y 0-N) (see vote tally)
02/21/2007Placed on Calendar
02/22/2007Senate amendment agreed to by House (96-Y 1-N)
02/22/2007VOTE: ADOPTION (96-Y 1-N) (see vote tally)
03/08/2007Bill text as passed House and Senate (HB1740ER)
03/08/2007Signed by Speaker
03/11/2007Signed by President
03/12/2007Impact statement from DPB (HB1740ER)
03/19/2007G Approved by Governor-Chapter 434 (effective 7/1/07)
03/27/2007G Acts of Assembly Chapter text (CHAP0434)