Visitors, board of; College of William & Mary, VCU, & VPI&SU boards authorized to invest funds, etc. (HB1725)
Introduced By
Progress
✓ |
Introduced |
✓ |
Passed Committee |
✓ |
Passed House |
✓ |
Passed Senate |
✓ |
Signed by Governor |
☐ |
Became Law |
Description
Board of visitors; the College of William and Mary and Virginia Polytechnic Institute and State University. Authorizes the boards of visitors of the College of William and Mary and Virginia Polytechnic Institute and State University to invest and manage endowment funds, endowment income, gifts, and all other nongeneral fund reserves and balances as well as local funds of or held by the College or University. Exempts members of the board of visitors from personal liability for losses suffered by such investment. The bill also exempts the investment and management of endowment funds, endowment income, gifts, and all other nongeneral fund reserves and balances and local funds of or held by the College and University from the Virginia Public Procurement Act. Finally, the bill allows the endowment funds, endowment income, gifts, and all other nongeneral fund reserves and balances and local funds of or held by the College or University to be invested or reinvested in derivatives, options, and financial securities in accordance with the Uniform Management of Institutional Funds Act. Read the Bill »
Outcome
History
Date | Action |
---|---|
01/06/2009 | Committee |
01/06/2009 | Prefiled and ordered printed; offered 01/14/09 098371708 |
01/06/2009 | Referred to Committee on Education |
01/16/2009 | Impact statement from DPB (HB1725) |
01/20/2009 | Assigned Education sub: Higher Education and Arts |
01/20/2009 | Subcommittee recommends reporting with amendment(s) |
01/26/2009 | Reported from Education with substitute (22-Y 0-N) (see vote tally) |
01/26/2009 | Committee substitute printed 093402708-H1 |
01/27/2009 | Read first time |
01/28/2009 | Read second time |
01/28/2009 | Committee substitute agreed to 093402708-H1 |
01/28/2009 | Engrossed by House - committee substitute HB1725H1 |
01/29/2009 | Read third time and passed House BLOCK VOTE (99-Y 0-N) |
01/29/2009 | VOTE: BLOCK VOTE PASSAGE (99-Y 0-N) (see vote tally) |
01/30/2009 | Constitutional reading dispensed |
01/30/2009 | Referred to Committee on Education and Health |
02/02/2009 | Impact statement from DPB (HB1725H1) |
02/12/2009 | Reported from Education and Health (15-Y 0-N) (see vote tally) |
02/12/2009 | Rereferred to Finance |
02/17/2009 | Reported from Finance (16-Y 0-N) (see vote tally) |
02/18/2009 | Constitutional reading dispensed (40-Y 0-N) (see vote tally) |
02/19/2009 | Read third time |
02/19/2009 | Passed Senate (40-Y 0-N) (see vote tally) |
02/24/2009 | Enrolled |
02/24/2009 | Bill text as passed House and Senate (HB1725ER) |
02/24/2009 | Impact statement from DPB (HB1725ER) |
02/25/2009 | Signed by Speaker |
02/27/2009 | Signed by President |
03/30/2009 | G Approved by Governor-Chapter 737 (effective 7/1/09) |
03/30/2009 | G Acts of Assembly Chapter text (CHAP0737) |