HB 2171 Higher educational institutions, public; use of investment fund earnings.
James P. "Jimmie" Massie, III | all patrons    ...    notes
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Summary as passed House: (all summaries)

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 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.

Full text:
01/11/17  House: Prefiled and ordered printed; offered 01/11/17 17102678D  pdf | impact statement
02/01/17  House: Committee substitute printed 17104982D-H1  pdf | impact statement
02/23/17  House: Bill text as passed House and Senate (HB2171ER)  pdf | impact statement
03/13/17  Governor: Acts of Assembly Chapter text (CHAP0320)  pdf

Status:
01/11/17  House: Prefiled and ordered printed; offered 01/11/17 17102678D
01/11/17  House: Referred to Committee on Education
01/20/17  House: Assigned Education sub: Higher Education
02/01/17  House: Subcommittee recommends reporting with substitute (7-Y 0-N)
02/01/17  House: Reported from Education with substitute (21-Y 0-N)
02/01/17  House: Committee substitute printed 17104982D-H1
02/02/17  House: Read first time
02/03/17  House: Read second time
02/03/17  House: Committee substitute agreed to 17104982D-H1
02/03/17  House: Engrossed by House - committee substitute HB2171H1
02/06/17  House: Read third time and passed House BLOCK VOTE (97-Y 0-N)
02/06/17  House: VOTE: BLOCK VOTE PASSAGE (97-Y 0-N)
02/07/17  Senate: Constitutional reading dispensed
02/07/17  Senate: Referred to Committee on Education and Health
02/13/17  Senate: Assigned Education sub: Higher Education
02/16/17  Senate: Reported from Education and Health (15-Y 0-N)
02/17/17  Senate: Constitutional reading dispensed (39-Y 0-N)
02/20/17  Senate: Read third time
02/20/17  Senate: Passed Senate (39-Y 0-N)
02/20/17  Senate: Reconsideration of Senate passage agreed to by Senate (40-Y 0-N)
02/20/17  Senate: Passed Senate (40-Y 0-N)
02/23/17  House: Enrolled
02/23/17  House: Bill text as passed House and Senate (HB2171ER)
02/23/17  House: Signed by Speaker
02/24/17  Senate: Signed by President
02/28/17  House: Enrolled Bill communicated to Governor on 2/28/17
02/28/17  Governor: Governor's Action Deadline Midnight, March 27, 2017
03/13/17  Governor: Approved by Governor-Chapter 320 (effective 7/1/17)
03/13/17  Governor: Acts of Assembly Chapter text (CHAP0320)