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Developed and maintained by the Division of Legislative Automated Systems.
2019 SESSION
HB 1972 Virginia College Savings Plan; prepaid tuition contracts, etc.
Introduced by: Roxann L. Robinson | all patrons ... notes | add to my profiles
SUMMARY AS PASSED HOUSE: (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 SB 1315.
FULL TEXT
- 01/07/19 House: Prefiled and ordered printed with emergency clause; offered 01/09/19 19101659D pdf | impact statement
- 02/04/19 House: Printed as engrossed 19101659D-E pdf | impact statement
- 02/22/19 House: Bill text as passed House and Senate (HB1972ER) pdf | impact statement
- 03/25/19 Governor: Acts of Assembly Chapter text (CHAP0803) pdf
AMENDMENTS
- House subcommittee amendments and substitutes offered
- House subcommittee amendments and substitutes adopted
- House committee, floor amendments and substitutes offered
- House amendments adopted
HISTORY
- 01/07/19 House: Prefiled and ordered printed with emergency clause; offered 01/09/19 19101659D
- 01/07/19 House: Referred to Committee on Education
- 01/11/19 House: Assigned Education sub: Subcommittee #3
- 01/14/19 House: Subcommittee recommends reporting (8-Y 0-N)
- 01/14/19 House: Subcommittee recommends referring to Committee on Appropriations
- 01/21/19 House: Reported from Education with amendment (22-Y 0-N)
- 01/21/19 House: Referred to Committee on Appropriations
- 01/21/19 House: Assigned App. sub: Higher Education
- 01/25/19 House: Subcommittee recommends reporting with amendment (8-Y 0-N)
- 01/30/19 House: Reported from Appropriations with amendment (22-Y 0-N)
- 02/01/19 House: Read first time
- 02/04/19 House: Read second time
- 02/04/19 House: Committee amendment from Education agreed to
- 02/04/19 House: Committee amendment from Appropriations agreed to
- 02/04/19 House: Emergency clause deleted
- 02/04/19 House: Engrossed by House as amended HB1972E
- 02/04/19 House: Printed as engrossed 19101659D-E
- 02/05/19 House: Read third time and passed House BLOCK VOTE (99-Y 0-N)
- 02/05/19 House: VOTE: BLOCK VOTE PASSAGE (99-Y 0-N)
- 02/06/19 Senate: Constitutional reading dispensed
- 02/06/19 Senate: Referred to Committee on Education and Health
- 02/14/19 Senate: Reported from Education and Health (15-Y 0-N)
- 02/14/19 Senate: Rereferred to Finance
- 02/18/19 Senate: Reported from Finance (16-Y 0-N)
- 02/19/19 Senate: Constitutional reading dispensed (40-Y 0-N)
- 02/20/19 Senate: Read third time
- 02/20/19 Senate: Passed Senate (40-Y 0-N)
- 02/22/19 House: Enrolled
- 02/22/19 House: Bill text as passed House and Senate (HB1972ER)
- 02/22/19 House: Signed by Speaker
- 02/22/19 Senate: Signed by President
- 03/04/19 House: Enrolled Bill communicated to Governor on March 4, 2019
- 03/04/19 Governor: Governor's Action Deadline Midnight, March 26, 2019
- 03/25/19 Governor: Approved by Governor-Chapter 803 (effective 7/1/19)
- 03/25/19 Governor: Acts of Assembly Chapter text (CHAP0803)