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2001 SESSION

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HB 2480 Prepaid college scholarships for children of VIEW participants.

Introduced by: Brian J. Moran | all patrons    ...    notes | add to my profiles

SUMMARY AS INTRODUCED:

Prepaid college scholarships for children of VIEW participants. Establishes the Virginia Initiative for Employment not Welfare (VIEW) scholarship account program for qualified beneficiaries who are children of VIEW participants. Ownership of the scholarship shall be retained by the Department of Social Services until such time as the student and the student's family complete any activities or actions prescribed by the State Board of Social Services, in consultation with the Board of the Virginia College Savings Plan, as conditions for receipt of a VIEW scholarship account. Such accounts shall be an incentive for previously unemployed parents to gain long-term employment and to redirect their children's lives by providing them with an opportunity for a college education. Neither the qualified beneficiary nor the family of such a qualified beneficiary may cancel a scholarship or receive any refund of the amount paid for a scholarship, in lieu of the use of the scholarship for the payment of a qualified beneficiary's tuition.


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