Commonwealth Savers Plan; Access Fund established, definitions, report.
Sponsored By: Ghazala F. Hashmi (Democratic)
Failed
Summary
Commonwealth Savers Plan; Access Fund established; report. Establishes the Access Fund as a portion of the Fund of the Commonwealth Savers Plan (the Plan), to be managed by the governing board of the Plan (the board) as a part of the Fund but to be accounted for separately from the Fund, into which certain Fund moneys shall be allocated for the purpose of supporting the Plan's goal of enhancing the accessibility, attainability, and affordability of higher education for all citizens of the Commonwealth. The bill directs the board to (i) establish or identify and fund certain programs and partnerships to further the goal of enhancing the accessibility, attainability, and affordability of higher education for all citizens of the Commonwealth, including programs and partnerships that provide scholarships, grants, or mentoring and coaching services to certain identified demographics of students; (ii) use certain distributions from the Access Fund, in accordance with the investment objectives and total return spending policy described in the bill and the standard of care set forth in applicable law, to support such programs and partnerships; (iii) appoint an Access Advisory Committee for the purpose of assisting the board by making recommendations relating to any such programs and partnerships for which distributions from the Access Fund could be used; and (iv) submit to relevant committees of the General Assembly and the Joint Legislative Audit and Review Commission by December 1 of each year a report on the Plan's activities relating to the Access Fund for the preceding year. Finally, the bill directs the Audit and Actuarial Committee to, in addition to its other duties set forth in applicable law, assess and make recommendations to the board regarding the availability of Fund moneys for allocation to the Access Fund.
Personalized for You
How does this bill affect your finances?
Personalize government policy and PRIA will tell you what this bill means for your household, plus every other piece of legislation we track. PRIA reads each provision against your financial profile to show you exactly what matters to your wallet.
Bill Overview
No Economic Impacts Identified for this Bill
Sponsors & Cosponsors
Sponsor
Ghazala F. Hashmi
Democratic • Senate
Cosponsors
There are no cosponsors for this bill.
Roll Call Votes
No roll call votes available for this bill.
Actions Timeline
Left in Finance and Appropriations
2/5/2025SenateFiscal Impact Statement from Department of Planning and Budget (SB1065)
1/22/2025SenateReferred to Committee on Finance and Appropriations
1/7/2025SenatePrefiled and ordered printed; Offered 01-08-2025 25104363D
1/7/2025Senate
Bill Text
Introduced
1/7/2025
Related Bills
HR671, Commending JR's Auto Care.
Commending JR's Auto Care.
SB941, Robbery; use of air or gas operated weapon, etc., penalty.
Robbery; air or gas operated weapon, etc.; penalty. Expands the crime of Class 3 felony robbery to include robbery committed by any person by using or displaying any air or gas operated weapon or any object similar in appearance to a firearm, whether capable of being fired or not.
HB1746, Public safety officer; definition.
Public safety officer; definition. Adds dispatchers and animal control officers to the definition of a public safety officer for purposes of possible selection by the Governor for the Commonwealth Public Safety Medal of Valor, presented for performance above and beyond the call of duty involving extraordinary valor in the face of grave danger, at great personal risk. However, the bill specifies that dispatchers and animal control officers are not included in the definition of public safety officer for the purpose of an injury where weather constitutes a particular risk of a public safety officer's employment to be compensable under the Virginia Workers' Compensation Act.
HB1600, Budget Bill.
Budget Bill. Amends items of and adds items to Chapter 2 of the Acts of Assembly of 2024, Special Session I.
SB1449, Data centers; site assessment for high energy use facility.
Siting of data centers; site assessment; high energy use facility. Provides that prior to any approval of a rezoning application, special exception application, or special use permit for the siting of a new high energy use facility (HEUF), as defined in the bill, a locality shall require that an applicant perform and submit a site assessment to examine the sound profile of the HEUF on residential units and schools located within 500 feet of the HEUF property boundary. The bill also allows a locality to require that a site assessment examine the effect of the proposed facility on (i) ground and surface water resources, (ii) agricultural resources, (iii) parks, (iv) registered historic sites, and (v) forestland on the HEUF site or immediately contiguous land. The provisions of the bill shall not apply to a site with an existing legislative or administrative approval where an applicant is seeking an expansion or modification of an already existing or approved facility and such expansion does not exceed an additional 100 megawatts or more of electrical power. Finally, the bill provides that its provisions shall not be construed to prohibit, limit, or otherwise supersede existing local zoning authority. This bill is identical to HB 1601.
HB1609, Essential health benefits benchmark plan; Commission to consider coverage for infertility treatment.
Health insurance; coverage for fertility services; essential health benefits benchmark plan. Requires the Health Insurance Reform Commission to consider coverage for the diagnosis and treatment of infertility and for standard fertility preservation procedures in its 2025 review of the essential health benefits benchmark plan.