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- Subject Index: Since 1995
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2019 SESSION
SB 1315 Virginia College Savings Plan; prepaid tuition contracts, etc.
Introduced by: Emmett W. Hanger, Jr. | all patrons ... notes | add to my profiles
SUMMARY AS PASSED: (all summaries)
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 HB 1972.
FULL TEXT
- 01/07/19 Senate: Prefiled and ordered printed with emergency clause; offered 01/09/19 19101757D pdf | impact statement
- 02/06/19 House: Committee substitute printed 19106507D-H1 pdf | impact statement
- 02/18/19 Senate: Bill text as passed Senate and House (SB1315ER) pdf | impact statement
- 03/25/19 Governor: Acts of Assembly Chapter text (CHAP0804) pdf
AMENDMENTS
HISTORY
- 01/07/19 Senate: Prefiled and ordered printed with emergency clause; offered 01/09/19 19101757D
- 01/07/19 Senate: Referred to Committee on Finance
- 01/22/19 Senate: Reported from Finance (16-Y 0-N)
- 01/23/19 Senate: Constitutional reading dispensed (39-Y 0-N)
- 01/24/19 Senate: Read second time and engrossed
- 01/25/19 Senate: Read third time and passed Senate (39-Y 0-N)
- 01/25/19 Senate: Reconsideration of passage agreed to by Senate (40-Y 0-N)
- 01/25/19 Senate: Passed Senate (40-Y 0-N)
- 01/29/19 House: Placed on Calendar
- 01/29/19 House: Read first time
- 01/29/19 House: Referred to Committee on Appropriations
- 02/05/19 House: Assigned App. sub: Higher Education
- 02/06/19 House: Reported from Appropriations with substitute (22-Y 0-N)
- 02/06/19 House: Committee substitute printed 19106507D-H1
- 02/08/19 House: Read second time
- 02/11/19 House: Read third time
- 02/11/19 House: Committee substitute agreed to 19106507D-H1
- 02/11/19 House: Engrossed by House - committee substitute SB1315H1
- 02/11/19 House: Passed House with substitute BLOCK VOTE (99-Y 0-N)
- 02/11/19 House: VOTE: BLOCK VOTE PASSAGE (99-Y 0-N)
- 02/13/19 Senate: House substitute agreed to by Senate (39-Y 0-N)
- 02/13/19 Senate: Title replaced 19106507D-H1
- 02/13/19 Senate: Emergency clause deleted
- 02/18/19 Senate: Enrolled
- 02/18/19 Senate: Bill text as passed Senate and House (SB1315ER)
- 02/18/19 House: Signed by Speaker
- 02/19/19 Senate: Signed by President
- 02/20/19 Senate: Enrolled Bill Communicated to Governor on February 20, 2019
- 02/20/19 Governor: Governor's Action Deadline Midnight, March 26, 2019
- 03/25/19 Governor: Approved by Governor-Chapter 804 (effective 7/1/19)
- 03/25/19 Governor: Acts of Assembly Chapter text (CHAP0804)