HB 1223

  • Virginia House Bill
  • 2020 Regular Session
  • Introduced in House Jan 07, 2020
  • Passed House Feb 10, 2020
  • Passed Senate Feb 24, 2020
  • Signed by Governor Mar 27, 2020

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

Abstract

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.

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

Bill Sponsors (3)

Votes


Actions


Mar 27, 2020

Office of the Governor

Approved by Governor-Chapter 511 (effective 7/1/20)

Mar 12, 2020

Office of the Governor

Governor's Action Deadline 11:59 p.m., April 11, 2020

House

Enrolled Bill communicated to Governor on March 12, 2020

Mar 04, 2020

Senate

Signed by President

Mar 03, 2020

House

Enrolled

House

Signed by Speaker

House

Impact statement from DPB (HB1223ER)

Feb 26, 2020

House

Senate substitute agreed to by House 20108237D-S1 (95-Y 1-N 1-A)

House

Placed on Calendar

House

VOTE: Adoption (95-Y 1-N 1-A)

Feb 24, 2020

Senate

Committee substitute agreed to 20108237D-S1

Senate

Read third time

Senate

Reading of substitute waived

Senate

Passed Senate with substitute (40-Y 0-N)

Senate

Engrossed by Senate - committee substitute HB1223S1

Feb 21, 2020

Senate

Constitutional reading dispensed (32-Y 0-N)

House

Impact statement from DPB (HB1223S1)

Feb 20, 2020

Senate

Reported from Education and Health with substitute (15-Y 0-N)

Senate

Committee substitute printed 20108237D-S1

Feb 14, 2020

Senate

Assigned Education sub: Higher Education

Feb 11, 2020

Senate

Referred to Committee on Education and Health

Senate

Constitutional reading dispensed

Feb 10, 2020

House

Read third time and passed House (94-Y 3-N 1-A)

House

VOTE: Passage (94-Y 3-N 1-A)

Feb 07, 2020

House

Read second time and engrossed

Feb 06, 2020

House

Read first time

Feb 05, 2020

House

Reported from Education (18-Y 1-N)

Feb 03, 2020

House

Subcommittee recommends reporting (4-Y 1-N)

Jan 14, 2020

House

Impact statement from DPB (HB1223)

Jan 13, 2020

House

Assigned Education sub: Post-Secondary and Higher Ed

Jan 07, 2020

House

Referred to Committee on Education

House

Prefiled and ordered printed; offered 01/08/20 20102558D

Bill Text

Bill Text Versions Format
Impact statement from DPB (HB1223) HTML
Impact statement from DPB (HB1223S1) HTML
Bill text as passed House and Senate (HB1223ER) HTML
Acts of Assembly Chapter text (CHAP0511) HTML

Related Documents

Document Format
No related documents.

Sources

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