SB375
Virginia College Opportunity Endowment and Fund; established, report.
Status:
In Senate
Latest Action:
Feb. 5, 2026
Senate: Rereferred to Finance and Appropriations
Chief Patron:
Scott Surovell (D)
Session:
2026 Regular Session
Summary
As Introduced. Commonwealth Savers Plan; Virginia College Opportunity Endowment and Fund established; report.
Establishes (i) the Endowment Scholarship Program for the purpose of providing scholarships to students at eligible institutions, as defined in the bill; (ii) the Virginia College Opportunity Endowment as an agency of the Commonwealth for the purpose of establishing and administering the Endowment Scholarship Program; and (iii) as subfunds of ... (More) the Commonwealth Savers Plan fund, (a) the DB529 Fund for the purpose of holding in trust the assets of prepaid tuition contracts to meet contractual obligations and (b) the Virginia College Opportunity Fund (the Opportunity Fund), into which certain funds from the DB529 Fund shall be deposited for the purpose of funding, by income generated from investments of such deposits, the Endowment Scholarship Program and other applicable programs, as set forth in the bill. (Less)-
Bill History
- 01/13/2026 - Senate: Prefiled and ordered printed; Offered 01-14-2026 26105337D
- 01/13/2026 - Senate: Referred to Committee on Education and Health
- 02/02/2026 - Senate: Assigned Education sub: Higher Education
- 02/02/2026 - Senate: Senate subcommittee amendments offered
- 02/05/2026 - Senate: Reported from Education and Health with amendments and rereferred to Finance and Appropriations (12-Y 0-N 2-A)
- 02/05/2026 - Senate: Rereferred to Finance and Appropriations
