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ACROSS SESSIONS
- Subject Index: Since 1995
- Bills & Resolutions: Since 1994
- Summaries: Since 1994
Developed and maintained by the Division of Legislative Automated Systems.
1995 SESSION
HB 2026 Liquidation and sale of student assistance authority assets.
Introduced by: Vincent F. Callahan, Jr. | all patrons ... notes | add to my profiles
SUMMARY:
Liquidation and sale of student assistance authority assets. Directs the Virginia Education Loan Authority (VELA) to liquidate its assets. The executive director is to report periodically to the Governor and the General Assembly regarding the status of the liquidation. An emergency clause makes this measure effective upon final passage.
The State Education Assistance Authority (SEAA) and VELA were consolidated in 1992, creating the Virginia Student Assistance Authorities (VSAA). Although designated jointly as the VSAA and sharing a common 10-member board, the two authorities nonetheless remained separate political subdivisions. The organizations were preserved to operate in their respective roles: the SEAA as guarantor and the VELA as lender, obviating the need for renewed federal approval to perform these functions. Each authority maintained its own assets, liabilities, and trust funds. This measure is identical to SB 995.
FULL TEXT
- 01/23/95 House: Presented & ordered printed LD1166809 pdf
- 02/01/95 House: Committee substitute printed LD3683124-H1 pdf
- 02/13/95 House: Bill text as passed House and Senate (HB2026ER) pdf
- 03/22/95 Governor: Acts of Assembly Chapter text (CHAP0384) pdf
HISTORY
- 01/23/95 House: Presented & ordered printed LD1166809
- 01/23/95 House: Referred to Committee on Education
- 01/27/95 House: Assigned to Education sub-committee: 4
- 01/30/95 House: Reported from Education with substitute (19-Y 0-N)
- 01/30/95 House: Referred to Committee on Appropriations
- 02/01/95 House: Reported from Appropriations with sub. (16-Y 2-N)
- 02/01/95 House: Committee substitute printed LD3683124-H1
- 02/02/95 House: Read first time
- 02/03/95 House: Read second time
- 02/03/95 House: Committee substitute agreed to LD3683124-H1
- 02/03/95 House: Emergency clause added
- 02/03/95 House: Engrossed by House - com. sub. LD3683124-H1
- 02/04/95 House: Read third time and passed House (81-Y 19-N)
- 02/04/95 House: VOTE: PASSAGE EMERGENCY (81-Y 19-N)
- 02/04/95 House: Communicated to Senate
- 02/06/95 Senate: Read first time
- 02/06/95 Senate: Referred to Committee on Finance
- 02/08/95 Senate: Reported from Finance (15-Y 0-N)
- 02/09/95 Senate: Constitutional reading dispensed (39-Y 0-N)
- 02/09/95 Senate: VOTE: CONST. READING DISPENSED (39-Y 0-N)
- 02/10/95 Senate: Read third time
- 02/10/95 Senate: Passed Senate (40-Y 0-N)
- 02/10/95 Senate: VOTE: PASSAGE (40-Y 0-N)
- 02/13/95 House: Bill text as passed House and Senate (HB2026ER)
- 02/20/95 House: Enrolled
- 02/20/95 House: Signed by Speaker
- 02/21/95 Senate: Signed by President
- 03/18/95 Governor: Approved by Governor-Chapter 384 (effective 3/18/95)
- 03/22/95 Governor: Acts of Assembly Chapter text (CHAP0384)