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2005 SESSION

• | print version

SB 931 Endowment funds; use by higher educational institutions.

Introduced by: Jay O'Brien | all patrons    ...    notes | add to my profiles

SUMMARY AS INTRODUCED:

Higher education endowment funds; supplementing salaries.  Clarifies that public institutions of higher education may use endowment funds to supplement faculty salaries and benefits.

Current law provides that the Commonwealth cannot consider the availability of private endowment moneys when determining its fiscal support for public colleges and universities.

Pursuant to various institutions' statutes, the governing boards are typically empowered to employ "all teachers, and fix their salaries..."

FULL TEXT

• 01/11/05  Senate: Prefiled & ordered printed; offered 01/12/05 056899784  pdf

HISTORY

• 01/11/05  Senate: Prefiled & ordered printed; offered 01/12/05 056899784
• 01/11/05  Senate: Referred to Committee on Education and Health
• 02/08/05  Senate: Left in Education and Health