# Virginia HB1305: Virginia College Opportunity Endowment and Fund; created.

Virginia HB1305, Virginia College Opportunity Endowment and Fund; created., is a 2025 Regular Session House bill sponsored by C.E. Cliff Hayes, Jr. (Democratic); status failed, last action 2024-11-18 (Left in Appropriations) (as of 2026-10-16).

- Canonical: https://policyrisk.com/state-bill/VA-HB1305-2025
- As of: 2026-10-16
- Plain-text twin of the page above; the HTML and this file carry the same facts.

## Facts
- Bill: Virginia HB1305
- State: Virginia
- Session: 2025 Regular Session
- Title: Virginia College Opportunity Endowment and Fund; created.
- Status: failed
- Chamber: House
- Introduced: 2024-01-10
- Last action: 2024-11-18, Left in Appropriations
- Sponsor: C.E. Cliff Hayes, Jr. (Democratic)
- Cosponsors: 0
- Subjects: Appropriations
- Touches household money: no
- Roll calls: 2 (0 yes, 0 no in all)
- Economic provisions PRIA read: 0

## Summary

Virginia College Savings Plan; Virginia College Opportunity Endowment and Fund. Directs the board of the Virginia College Savings Plan to deposit $250 million per year of surplus moneys from the Plan's fund into the Virginia College Opportunity Fund, established by the bill. The bill provides that such deposit shall not be made or shall be reduced in any year in which the College Opportunity Investment Advisory Committee determines that certain conditions relating to the Plan's funded status are not met. The Committee is established by the bill as an advisory committee for the Plan, for the purpose of determining the amount of deposits to be made to the Fund. The bill provides that financial management of the Fund is the responsibility of the board of the Plan but authorizes the board of the Virginia College Opportunity Endowment, also established by the bill, to manage a scholarship program funded by the Fund. The bill establishes an individual and corporate income tax subtraction for donations to the Fund. Under the bill, the Endowment provides scholarships to students who attend or plan to attend one of 12 eligible universities named in the bill. The bill provides that only such students who meet the eligibility requirements for a Federal Pell Grant and commit to being employed in Virginia, or being enrolled in postgraduate education in Virginia, for at least eight years after graduation from an eligible university are eligible for such scholarships.

## Bill overview

No economic impacts identified for this bill.

## Sponsors and cosponsors

- Sponsor: C.E. Cliff Hayes, Jr. (Democratic), House

## Roll call votes

| Date | Chamber | Motion | Result | Yes | No | Other |
| --- | --- | --- | --- | --- | --- | --- |
| 2024-02-07 | House | Continued to 2025 in Appropriations (Voice Vote) | pass | 0 | 0 |   |
| 2024-02-05 | House | Subcommittee recommends continuing to 2025 (Voice Vote) | pass | 0 | 0 |   |

## Actions (7)

- 2024-11-18: Left in Appropriations (House)
- 2024-02-07: Continued to 2025 in Appropriations (Voice Vote) (House)
- 2024-02-05: Subcommittee recommends continuing to 2025 (Voice Vote) (House)
- 2024-01-30: Impact statement from DPB (HB1305) (House)
- 2024-01-27: Assigned App. sub: General Government and Capital Outlay (House)
- 2024-01-10: Referred to Committee on Appropriations (House)
- 2024-01-10: Presented and ordered printed 24101175D (House)

## Bill text

- Introduced, 2024-01-19: [HTML](https://lis.virginia.gov/bill-details/20251/HB1305)

## Related bills

- HR671: Commending JR's Auto Care. (adopted)
- SB941: Robbery; use of air or gas operated weapon, etc., penalty. (failed)
- HB1746: Public safety officer; definition. (failed)
- HB1600: Budget Bill. (failed)
- SB1449: Data centers; site assessment for high energy use facility. (failed)
- HB1609: Essential health benefits benchmark plan; Commission to consider coverage for infertility treatment. (to governor)

## Sources
- [Introduced (HTML)](https://lis.virginia.gov/bill-details/20251/HB1305)

## Related
- [HR671: Commending JR's Auto Care.](https://policyrisk.com/state-bill/VA-HR671-2025)
- [SB941: Robbery; use of air or gas operated weapon, etc., penalty.](https://policyrisk.com/state-bill/VA-SB941-2025)
- [HB1746: Public safety officer; definition.](https://policyrisk.com/state-bill/VA-HB1746-2025)
- [HB1600: Budget Bill.](https://policyrisk.com/state-bill/VA-HB1600-2025)
- [SB1449: Data centers; site assessment for high energy use facility.](https://policyrisk.com/state-bill/VA-SB1449-2025)
- [HB1609: Essential health benefits benchmark plan; Commission to consider coverage for i…](https://policyrisk.com/state-bill/VA-HB1609-2025)
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Source: PRIA, https://policyrisk.com/state-bill/VA-HB1305-2025 (as of 2026-10-16).