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2020 SESSION

• | print version

HB 1223 Higher educational institutions, public; foundations, annual reporting requirements, VCCS exempt.

Introduced by: Jason S. Miyares | all patrons    ...    notes | add to my profiles

SUMMARY AS PASSED: (all summaries)

Public institutions of higher education; foundations; annual reporting requirements. Requires each public institution of higher education to release an annual report regarding foundations associated with the institution setting forth foundation expenses. The annual report shall include the total annual expenditures by each foundation; the percentage of expenditures used for scholarships or financial aid by each foundation; the percentage of expenditures used for faculty compensation by each foundation; the percentage of expenditures used for program costs by each foundation; the percentage of expenditures used for equipment and technology by each foundation; the percentage of expenditures used for administrative support by each foundation; and the percentage of expenditures used for executive compensation by each foundation.

FULL TEXT

• 01/07/20  House: Prefiled and ordered printed; offered 01/08/20 20102558D  pdf | impact statement
• 02/20/20  Senate: Committee substitute printed 20108237D-S1  pdf | impact statement
• 03/03/20  House: Bill text as passed House and Senate (HB1223ER)  pdf | impact statement
• 03/27/20  Governor: Acts of Assembly Chapter text (CHAP0511)  pdf

HISTORY

• 01/07/20  House: Prefiled and ordered printed; offered 01/08/20 20102558D
• 01/07/20  House: Referred to Committee on Education
• 01/13/20  House: Assigned Education sub: Post-Secondary and Higher Ed
• 02/03/20  House: Subcommittee recommends reporting (4-Y 1-N)
• 02/05/20  House: Reported from Education (18-Y 1-N)
• 02/06/20  House: Read first time
• 02/07/20  House: Read second time and engrossed
• 02/10/20  House: Read third time and passed House (94-Y 3-N 1-A)
• 02/10/20  House: VOTE: Passage (94-Y 3-N 1-A)
• 02/11/20  Senate: Constitutional reading dispensed
• 02/11/20  Senate: Referred to Committee on Education and Health
• 02/14/20  Senate: Assigned Education sub: Higher Education
• 02/20/20  Senate: Reported from Education and Health with substitute (15-Y 0-N)
• 02/20/20  Senate: Committee substitute printed 20108237D-S1
• 02/21/20  Senate: Constitutional reading dispensed (32-Y 0-N)
• 02/24/20  Senate: Read third time
• 02/24/20  Senate: Reading of substitute waived
• 02/24/20  Senate: Committee substitute agreed to 20108237D-S1
• 02/24/20  Senate: Engrossed by Senate - committee substitute HB1223S1
• 02/24/20  Senate: Passed Senate with substitute (40-Y 0-N)
• 02/26/20  House: Placed on Calendar
• 02/26/20  House: Senate substitute agreed to by House 20108237D-S1 (95-Y 1-N 1-A)
• 02/26/20  House: VOTE: Adoption (95-Y 1-N 1-A)
• 03/03/20  House: Enrolled
• 03/03/20  House: Bill text as passed House and Senate (HB1223ER)
• 03/03/20  House: Signed by Speaker
• 03/04/20  Senate: Signed by President
• 03/12/20  House: Enrolled Bill communicated to Governor on March 12, 2020
• 03/12/20  Governor: Governor's Action Deadline 11:59 p.m., April 11, 2020
• 03/27/20  Governor: Approved by Governor-Chapter 511 (effective 7/1/20)
• 03/27/20  Governor: Acts of Assembly Chapter text (CHAP0511)