HB 642 Educational and Cultural Entities Fund; created.
A. Victor Thomas | all patrons    ...    notes
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Summary:
Virginia Educational and Cultural Entities Fund. Establishes the Virginia Educational and Cultural Entities Fund, to be administered by the Department of Planning and Budget at the direction of the General Assembly. Comprised of 10 percent of the Commonwealth's annual interest earnings credited to the general fund, gifts, and other moneys, the Fund supplies grants for operating costs, special projects, and reserve funds for certain nonstate educational and cultural entities specified in the Code and others as may be designated in the appropriation act. Amounts of sums awarded from the Fund will be designated in the budget. Recipients must certify annually as to the proper application of Fund appropriations; no matching funds are required for a Fund grant. Nonstate educational or cultural entities are defined as those nonstate institutions, museums, foundations, zoos, performing arts organizations, or other organizations that are educational or esthetic in purpose, have professional staff, own and exhibit tangible objects (or, in the case of foundations, those whose exclusive mission is the funding of nonprofit exhibiting museums or cultural organizations) and that are not units of state or local government.

This measure is a recommendation of the HJR 430 Joint Subcommittee Studying Educational Museums and the Appropriate Level of Public Support to be Provided Such Institutions.

Full text:
01/19/96  House: Presented & ordered printed 960861468  pdf

Status:
01/19/96  House: Presented & ordered printed 960861468
01/19/96  House: Referred to Committee on General Laws
01/22/96  House: Assigned to General Laws sub-committee: 2
02/01/96  House: Reported from General Laws (22-Y 0-N)
02/01/96  House: Referred to Committee on Appropriations
02/09/96  House: Continued to 1997 in Appropriations (22-Y 0-N)
12/20/96  House: No action taken by Appropriations by voice vote