AMENDMENTS PROPOSED BY SENATE

1. Page 11, engrossed, line 8, after prepayments

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remainder of line 8 and all of lines 9 and 10

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(i) at accredited, nonprofit, independent institutions of higher education located in Virginia, including actual interest and income earned on such prepayments and (ii) at public and accredited, nonprofit, independent institutions of higher education located in other states, including principal and reasonable return on such principal as determined by the Board;

2. Page 11, engrossed, line 16, after shall

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remainder of line 16 and all of line 17

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report such unclaimed moneys to the State Treasurer pursuant to § 55-210.12 of the Code of Virginia.

3. Page 12, engrossed, after line 9

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4. That the Director of the State Council of Higher Education in Virginia shall report to the Governor and the General Assembly by December 1, 1994, regarding methods for participation in the fund by accredited, nonprofit, independent institutions of higher education in Virginia,