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• Subject Index: Since 1995
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1995 SESSION

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HB 1986 Higher Education Tuition Trust Fund.

Introduced by: William C. Mims | all patrons    ...    notes | add to my profiles

SUMMARY:

Virginia Higher Education Tuition Trust Fund. Authorizes the establishment of the eight-member Virginia Higher Education Tuition Trust Fund Board, consisting of state education and financial officials and gubernatorial citizen appointees on and after July 1, 1995, to prepare for the implementation of the Tuition Trust Fund prepayment program approved by the 1994 General Assembly (HB 993) for creation in 1996. The Secretary of Finance is required to obtain either (i) a no-action letter or an opinion from the Securities and Exchange Commission in connection with the application of federal securities laws to the Fund or (ii) an opinion of independent legal counsel substantially to the effect that the proposed method of structuring and offering the Fund is in compliance with federal securities laws. Finally, language is added to cap tuition prepayments for public, out-of-state institutions and private institutions in Virginia.

FULL TEXT

• 01/20/95  House: Presented & ordered printed LD2048358  pdf
• 02/02/95  House: Committee substitute printed LD3687124-H1  pdf
• 02/28/95  House: Bill text as passed House and Senate (HB1986ER)  pdf
• 03/22/95  Governor: Acts of Assembly Chapter text (CHAP0315)  pdf

AMENDMENTS

• Senate amendments

HISTORY

• 01/20/95  House: Presented & ordered printed LD2048358
• 01/20/95  House: Referred to Committee on Appropriations
• 02/02/95  House: Reported from Appropriations with sub. (19-Y 0-N)
• 02/02/95  House: Committee substitute printed LD3687124-H1
• 02/03/95  House: Read first time
• 02/04/95  House: Read second time
• 02/04/95  House: Committee substitute agreed to LD3687124-H1
• 02/04/95  House: Engrossed by House - com. sub. LD3687124-H1
• 02/05/95  House: Read third time and passed House (Block Vote) (99-Y 0-N)
• 02/05/95  House: VOTE: BLOCK VOTE PASSAGE (99-Y 0-N)
• 02/05/95  House: Communicated to Senate
• 02/06/95  Senate: Read first time
• 02/06/95  Senate: Referred to Committee on Finance
• 02/15/95  Senate: Reported from Finance with amendment (14-Y 0-N)
• 02/16/95  Senate: Constitutional reading dispensed (38-Y 0-N)
• 02/16/95  Senate: VOTE: CONST. READING DISPENSED (38-Y 0-N)
• 02/17/95  Senate: Read third time
• 02/17/95  Senate: Reading of amendment waived
• 02/17/95  Senate: Committee amendment agreed to
• 02/17/95  Senate: Reading of amendment waived
• 02/17/95  Senate: Floor amendment agreed to (Andrews)
• 02/17/95  Senate: Engrossed by Senate as amended
• 02/17/95  Senate: Passed Senate with amendments (39-Y 0-N)
• 02/17/95  Senate: VOTE: PASSAGE (39-Y 0-N)
• 02/20/95  House: Placed on Calendar
• 02/21/95  House: Senate amendments agreed to by House (100-Y 0-N)
• 02/21/95  House: VOTE: ADOPTION (100-Y 0-N)
• 02/28/95  House: Bill text as passed House and Senate (HB1986ER)
• 03/06/95  House: Enrolled
• 03/06/95  Senate: Signed by President
• 03/07/95  House: Signed by Speaker
• 03/16/95  Governor: Approved by Governor-Chapter 315 (effective 7/1/95)
• 03/22/95  Governor: Acts of Assembly Chapter text (CHAP0315)