Commonwealth Scholars Program and Investment Fund; established. (HB2296)
Introduced By
Del. David Englin (D-Alexandria)
Progress
✓ |
Introduced |
✗ |
Passed Committee |
☐ |
Passed House |
☐ |
Passed Senate |
☐ |
Signed by Governor |
☐ |
Became Law |
Description
Commonwealth Scholars Program and Investment Fund; established. Provides for the establishment of the Commonwealth Scholars Program and Investment Fund whereby public or private organizations and individuals may make monetary contributions to provide scholarships for eligible students in order to expand access to higher education. Scholarship funds may be paid to any accredited, degree-granting public or private nonprofit institution of higher education in Virginia. Eligibility for the scholarships is limited to domiciled residents of Virginia as defined by 23-7.4 and who are admitted and enrolled as full-time students in a public or nonprofit private institution of higher education, and any other criteria established by the Council. Each scholarship recipient will be required to sign a promissory note agreeing to annually pay back into the Fund a percentage of his annual income, not to exceed five percent, beginning five years after the end of the scholarship funded program, and for a period not to exceed 25 years. Read the Bill »
Outcome
History
Date | Action |
---|---|
01/12/2011 | Committee |
01/12/2011 | Prefiled and ordered printed; offered 01/12/11 11101586D |
01/12/2011 | Referred to Committee on Education |
01/18/2011 | Assigned Education sub: #4 Higher Education and Arts |
01/25/2011 | Subcommittee recommends reporting |
01/25/2011 | Subcommittee recommends referring to Committee on Appropriations |
01/31/2011 | Referred from Education |
01/31/2011 | Referred to Committee on Appropriations |
01/31/2011 | Assigned App. sub: Higher Education |
02/01/2011 | Impact statement from DPB (HB2296) |
02/02/2011 | Subcommittee recommends laying on the table (8-Y 0-N) |
02/08/2011 | Left in Appropriations |