Higher educational institutions, public; foundations, annual reporting requirements, VCCS exempt. (HB1223)

Introduced By

Del. Jason Miyares (R-Virginia Beach) with support from co-patron Del. Shelly Simonds (D-Newport News)


Passed Committee
Passed House
Passed Senate
Signed by Governor
Became Law


Public institutions of higher education; foundations; annual reporting requirements. Requires each public institution of higher education to release an annual report regarding foundations associated with the institution setting forth foundation expenses. The annual report shall include the total annual expenditures by each foundation; the percentage of expenditures used for scholarships or financial aid by each foundation; the percentage of expenditures used for faculty compensation by each foundation; the percentage of expenditures used for program costs by each foundation; the percentage of expenditures used for equipment and technology by each foundation; the percentage of expenditures used for administrative support by each foundation; and the percentage of expenditures used for executive compensation by each foundation. Read the Bill »


Bill Has Passed


01/07/2020Prefiled and ordered printed; offered 01/08/20 20102558D
01/07/2020Referred to Committee on Education
01/13/2020Assigned Education sub: Post-Secondary and Higher Ed
01/14/2020Impact statement from DPB (HB1223)
02/03/2020Subcommittee recommends reporting (4-Y 1-N)
02/05/2020Reported from Education (18-Y 1-N) (see vote tally)
02/06/2020Read first time
02/07/2020Read second time and engrossed
02/10/2020Read third time and passed House (94-Y 3-N 1-A)
02/10/2020VOTE: Passage (94-Y 3-N 1-A) (see vote tally)
02/11/2020Constitutional reading dispensed
02/11/2020Referred to Committee on Education and Health
02/14/2020Assigned Education sub: Higher Education
02/20/2020Reported from Education and Health with substitute (15-Y 0-N) (see vote tally)
02/20/2020Committee substitute printed 20108237D-S1
02/21/2020Impact statement from DPB (HB1223S1)
02/21/2020Constitutional reading dispensed (32-Y 0-N) (see vote tally)
02/24/2020Read third time
02/24/2020Reading of substitute waived
02/24/2020Committee substitute agreed to 20108237D-S1
02/24/2020Engrossed by Senate - committee substitute HB1223S1
02/24/2020Passed Senate with substitute (40-Y 0-N) (see vote tally)
02/26/2020Placed on Calendar
02/26/2020Senate substitute agreed to by House 20108237D-S1 (95-Y 1-N 1-A)
02/26/2020VOTE: Adoption (95-Y 1-N 1-A) (see vote tally)
03/03/2020Bill text as passed House and Senate (HB1223ER)
03/03/2020Impact statement from DPB (HB1223ER)
03/03/2020Signed by Speaker
03/04/2020Signed by President
03/12/2020Enrolled Bill communicated to Governor on March 12, 2020
03/12/2020G Governor's Action Deadline 11:59 p.m., April 11, 2020
03/27/2020G Approved by Governor-Chapter 511 (effective 7/1/20)
03/27/2020G Acts of Assembly Chapter text (CHAP0511)


This bill was discussed on the floor of the General Assembly. Below is all of the video that we have of that discussion, 1 clip in all, totaling 50 seconds.