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52Nov 3 election

Virginia College Access and Affordability Scholarship Fund; established, report.

This bill did not become law and its session has ended, so it can no longer move. It would have to be reintroduced.

VA HB 1001 · House Bill · 2026

Stage
Session ended
Started in
House
Sponsors
+3
Latest action
Feb 18

Where it stands

  1. Introduced (Done)

  2. Committee (Current step)

    In committee · Feb 18

  3. Floor (Needs attention)

    The session ended first

  4. Law (Not started)

What it does

Commonwealth Savers Plan; State Council of Higher Education for Virginia; Virginia College Access and Affordability Scholarship Fund established; work group; report. Directs the transfer of actuarial surplus defined benefit prepaid tuition contract funds from the Commonwealth Savers Plan (the Plan) Fund into a DB529 Fund established by the bill to be deposited into the Virginia College Access and Affordability Scholarship Fund (the Access Fund) established by the bill. Under the bill, the DB529 Fund and the Access Fund operate as subfunds of the Commonwealth Savers Plan Fund. The bill further provides that the Plan shall initially deposit $500 million from the DB529 Fund into the Access…

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Who is involved

VA HB 1001
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Sponsors

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