Virginia College Savings Plan; prepaid tuition contracts, etc. (HB1972)

Introduced By

Del. Roxann Robinson (R-Chesterfield) with support from 8 copatrons, whose average partisan position is:

Those copatrons are Del. Matt Fariss (R-Rustburg), Del. Gordon Helsel (R-Poquoson), Del. Tim Hugo (R-Centreville), Del. Steve Landes (R-Weyers Cave), Del. Dave LaRock (R-Loudoun), Del. Joe McNamara (R-Roanoke), Del. Israel O'Quinn (R-Bristol), Del. Bob Thomas (R-Stafford)

Progress

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

Description

Virginia College Savings Plan. Makes several changes to the provisions that establish the Virginia College Savings Plan (the Plan), including (i) permitting the Plan to maintain an independent disbursement system for the disbursement of prepaid tuition contract benefits and (ii) requiring each prepaid tuition contract entered into on or after July 1, 2019, to include provisions for the application of tuition prepayments, at a rate equal to the percentage of enrollment-weighted average tuition at public institutions of higher education to be determined by the board, at (a) public institutions of higher education, (b) accredited nonprofit independent or private institutions of higher education, and (c) non-Virginia public and accredited nonprofit independent or private institutions of higher education, provided that no such payment is less than the sum of tuition prepayments made, less any fees as determined by the board. This bill is identical to SB 1315. Read the Bill »

Outcome

Bill Has Passed

History

DateAction
01/07/2019Committee
01/07/2019Prefiled and ordered printed with emergency clause; offered 01/09/19 19101659D
01/07/2019Referred to Committee on Education
01/11/2019Assigned Education sub: Subcommittee #3
01/14/2019Subcommittee recommends reporting (8-Y 0-N)
01/14/2019Subcommittee recommends referring to Committee on Appropriations
01/16/2019Impact statement from DPB (HB1972)
01/21/2019Reported from Education with amendment (22-Y 0-N) (see vote tally)
01/21/2019Referred to Committee on Appropriations
01/21/2019Assigned App. sub: Higher Education
01/25/2019House subcommittee amendments and substitutes offered
01/25/2019Subcommittee recommends reporting with amendment (8-Y 0-N)
01/30/2019House committee, floor amendments and substitutes offered
01/30/2019Reported from Appropriations with amendment (22-Y 0-N) (see vote tally)
02/01/2019Read first time
02/04/2019Read second time
02/04/2019Committee amendment from Education agreed to
02/04/2019Committee amendment from Appropriations agreed to
02/04/2019Emergency clause deleted
02/04/2019Engrossed by House as amended HB1972E
02/04/2019Printed as engrossed 19101659D-E
02/05/2019Read third time and passed House BLOCK VOTE (99-Y 0-N)
02/05/2019Impact statement from DPB (HB1972E)
02/05/2019VOTE: BLOCK VOTE PASSAGE (99-Y 0-N) (see vote tally)
02/06/2019Constitutional reading dispensed
02/06/2019Referred to Committee on Education and Health
02/14/2019Reported from Education and Health (15-Y 0-N) (see vote tally)
02/14/2019Rereferred to Finance
02/18/2019Reported from Finance (16-Y 0-N) (see vote tally)
02/19/2019Constitutional reading dispensed (40-Y 0-N) (see vote tally)
02/20/2019Read third time
02/20/2019Passed Senate (40-Y 0-N) (see vote tally)
02/22/2019Enrolled
02/22/2019Bill text as passed House and Senate (HB1972ER)
02/22/2019Signed by Speaker
02/22/2019Signed by President
02/24/2019Impact statement from DPB (HB1972ER)
03/04/2019Enrolled Bill communicated to Governor on March 4, 2019
03/04/2019G Governor's Action Deadline Midnight, March 26, 2019
03/21/2019G Approved by Governor-Chapter 803 (effective 7/1/19)
03/25/2019G Approved by Governor-Chapter 803 (effective 7/1/19)
03/25/2019G Acts of Assembly Chapter text (CHAP0803)

Duplicate Bills

The following bills are identical to this one: SB1315.

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