Higher educational institutions, public; chief executive officer compensation. (SB147)

Introduced By

Sen. Richard Stuart (R-Westmoreland) with support from co-patron Del. Mark Cole (R-Fredericksburg)

Progress

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

Description

Public institutions of higher education; chief executive officer compensation. Provides mandates for when any governing board of a public institution of higher education or committee of such board considers increasing the compensation of the institution's chief executive officer as defined in § 23.1-100 or amending the board's policies and procedures relating to the compensation of the chief executive officer. The bill provides that the board or committee shall provide written notice of the rationale for such amendment or the rationale for, source of funding for, and amount of such increase to the public in advance of any meeting at which the board or committee votes on the amendment or increase. The bill also provides that members of the public shall be provided the opportunity to provide public comment on the compensation, that the board or committee shall vote on the compensation in an open meeting, and that no executive compensation increase shall be approved in a year in which there is a tuition increase. Read the Bill »

Outcome

Bill Has Failed

History

DateAction
12/18/2019Prefiled and ordered printed; offered 01/08/20 20101038D
12/18/2019Referred to Committee on Education and Health
01/09/2020Impact statement from DPB (SB147)
01/21/2020Assigned Education sub: Higher Education
02/06/2020Stricken at request of patron in Education and Health (13-Y 2-N) (see vote tally)

Post a Public Comment About this Bill



if you have one


(Limited HTML is OK: <a>, <em>, <strong>, <s>)