HB2171
Higher educational institutions, public; use of investment fund earnings.
Summary
As Passed House of Origin. Public institutions of higher education; annual report; investments.
Requires the governing board of each public institution of higher education to annually report to the State Council of Higher Education for Virginia (i) the value of investments as reflected on the Statement of Net Position as of June 30 of the previous fiscal year, excluding any funds derived from ... (More) endowment donations, endowment income, or other private philanthropy; (ii) the cash earnings on such balances in the previous fiscal year; and (iii) the use of the cash earnings on such balances. In the event that the commitment of any such investment earnings spans more than one fiscal year, the report shall reflect the commitments made in each future fiscal year. The bill excludes from such reporting requirements the investments of the Virginia Commonwealth University Health System Authority and the University of Virginia Medical Center. (Less)-
Bill History
- 01/11/2017 - House: Prefiled and ordered printed; offered 01/11/17 17102678D
- 01/11/2017 - House: Referred to Committee on Education
- 01/17/2017 - House: Impact statement from DPB (HB2171)
- 01/20/2017 - House: Assigned Education sub: Higher Education
- 02/01/2017 - House: Subcommittee recommends reporting with substitute (7-Y 0-N)
- 02/01/2017 - House: Reported from Education with substitute (21-Y 0-N)
- 02/01/2017 - House: Committee substitute printed 17104982D-H1
- 02/02/2017 - House: Read first time
- 02/03/2017 - House: Read second time
- 02/03/2017 - House: Committee substitute agreed to 17104982D-H1
- 02/03/2017 - House: Engrossed by House - committee substitute HB2171H1
- 02/06/2017 - House: Read third time and passed House BLOCK VOTE (97-Y 0-N)
- 02/06/2017 - House: VOTE: BLOCK VOTE PASSAGE (97-Y 0-N)
- 02/07/2017 - Senate: Constitutional reading dispensed
- 02/07/2017 - Senate: Referred to Committee on Education and Health
- 02/07/2017 - House: Impact statement from DPB (HB2171H1)
- 02/13/2017 - Senate: Assigned Education sub: Higher Education
- 02/16/2017 - Senate: Reported from Education and Health (15-Y 0-N)
- 02/17/2017 - Senate: Constitutional reading dispensed (39-Y 0-N)
- 02/20/2017 - Senate: Read third time
- 02/20/2017 - Senate: Passed Senate (39-Y 0-N)
- 02/20/2017 - Senate: Reconsideration of Senate passage agreed to by Senate (40-Y 0-N)
- 02/20/2017 - Senate: Passed Senate (40-Y 0-N)
- 02/23/2017 - House: Enrolled
- 02/23/2017 - House: Bill text as passed House and Senate (HB2171ER)
- 02/23/2017 - House: Impact statement from DPB (HB2171ER)
- 02/23/2017 - House: Signed by Speaker
- 02/24/2017 - Senate: Signed by President
- 02/28/2017 - House: Enrolled Bill communicated to Governor on 2/28/17
- 02/28/2017 - Governor: Governor's Action Deadline Midnight, March 27, 2017
- 03/13/2017 - Governor: Approved by Governor-Chapter 320 (effective 7/1/17)
- 03/13/2017 - Governor: Acts of Assembly Chapter text (CHAP0320)
