SB 995 Liquidation and sale of student assistance authority assets.
Walter A. Stosch | all patrons    ...    notes
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Summary:
Liquidation and sale of student assistance authority assets. Directs the Virginia Education Loan Authority (VELA) to liquidate its assets. The executive director is to report periodically to the Governor and the General Assembly regarding the status of the liquidation. The State Education Assistance Authority (SEAA) and VELA were consolidated in 1992, creating the Virginia Student Assistance Authorities (VSAA). Although designated jointly as the VSAA and sharing a common 10-member board, the two authorities nonetheless remained separate political subdivisions. The organizations were preserved to operate in their respective roles: the SEAA as guarantor and the VELA as lender, obviating the need for renewed federal approval to perform these functions. Each authority maintained its own assets, liabilities, and trust funds. This measure is identical to HB 2026.

Full text:
01/23/95  Senate: Presented & ordered printed w/emg clause LD1167809  pdf
01/31/95  Senate: Committee substitute printed LD3224743-S1  pdf
02/22/95  Senate: Bill text as passed Senate and House (SB995ER)  pdf
03/22/95  Governor: Acts of Assembly Chapter text (CHAP0359)  pdf

Status:
01/23/95  Senate: Presented & ordered printed w/emg clause LD1167809
01/23/95  Senate: Referred to Committee on Finance
01/31/95  Senate: Reported from Finance with substitute (14-Y 0-N 1-A)
01/31/95  Senate: Committee substitute printed LD3224743-S1
02/01/95  Senate: Constitutional reading dispensed (39-Y 0-N)
02/01/95  Senate: VOTE: CONST. READING DISPENSED (39-Y 0-N)
02/02/95  Senate: Passed by for the day
02/02/95  Senate: Reconsideration of passed by for the day (40-Y 0-N)
02/02/95  Senate: VOTE: RECONSIDER (40-Y 0-N)
02/02/95  Senate: Passed by for the day
02/03/95  Senate: Passed by for the day
02/06/95  Senate: Passed by for the day
02/07/95  Senate: Read second time
02/07/95  Senate: Reading of substitute waived
02/07/95  Senate: Committee substitute agreed to LD3224743-S1
02/07/95  Senate: Engrossed by Senate - comm. sub. LD3224743-S1
02/07/95  Senate: Constitutional reading dispensed (40-Y 0-N)
02/07/95  Senate: VOTE: CONST. READING DISPENSED (40-Y 0-N)
02/07/95  Senate: Passed Senate (35-Y 5-N)
02/07/95  Senate: VOTE: PASSAGE (35-Y 5-N)
02/07/95  Senate: Communicated to House
02/08/95  House: Placed on Calendar
02/09/95  House: Read first time
02/09/95  House: Referred to Committee on General Laws
02/10/95  House: Assigned to General Laws sub-committee: 6
02/16/95  House: Reported from General Laws (22-Y 0-N)
02/16/95  House: Referred to Committee on Appropriations
02/17/95  House: Reported from Appropriations (19-Y 2-N)
02/20/95  House: Read second time
02/21/95  House: Read third time
02/21/95  House: Passed House (81-Y 19-N)
02/21/95  House: VOTE: PASSAGE EMERGENCY (81-Y 19-N)
02/22/95  Senate: Bill text as passed Senate and House (SB995ER)
02/27/95  Senate: Enrolled
02/28/95  House: Signed by Speaker
03/01/95  Senate: Signed by President
03/18/95  Governor: Approved by Governor-Chapter 359 (effective 3/18/95)
03/22/95  Governor: Acts of Assembly Chapter text (CHAP0359)