Virginia Student Loan Refinancing Authority; established, report. (SB438)

Introduced By

Sen. Jennifer Wexton (D-Leesburg)

Progress

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

Description

Virginia Student Loan Refinancing Authority; refinancing loan guaranty program. Establishes the Virginia Student Loan Refinancing Authority (the Authority), to be governed by a 10-member board, for the purpose of developing and implementing a program by which the Authority may guarantee the obligations of an individual who incurred qualified education loan debt as a Virginia student at an institution of higher education in the Commonwealth under loans that refinance such education loan debt. The Authority is authorized to issue bonds to finance its obligations under such loan guarantees. Amends § 2.2-2905, § 2.2-3705.4, § 2.2-3711, § 2.2-4006, of the Code of Virginia. Read the Bill »

Outcome

Bill Has Failed

History

DateAction
01/09/2018Prefiled and ordered printed; offered 01/10/18 18102311D
01/09/2018Referred to Committee on Education and Health
01/24/2018Assigned Education sub: Higher Education
01/30/2018Impact statement from DPB (SB438)
02/01/2018Passed by indefinitely in Education and Health (14-Y 1-N) (see vote tally)