VirginiaSB7172025 Regular SessionSenate

Higher educational institutions, public; duties of governing boards, acceptance & use of donations.

Sponsored By: Ryan T. McDougle (Republican)

Failed

Summary

Public institutions of higher education; duties of governing boards; acceptance and use of donations. Provides that the governing board of each public institution of higher education may receive, take, hold, and enjoy any donation or gift made to such institution or governing board and may use and administer any such donation or gift for the uses and purposes designated by the donor or, if no such specific designation is made, for the general purposes of the institution. The bill provides that in the event that a donor specifically designates any particular use or purpose for a donation or gift, each governing board is required to appropriate such donation or gift and any resulting interest, income, and profits only to such specifically designated use or purpose, provided, however, that if such specifically designated use or purpose fails by any means such that the specifically designated use or purpose is permanently frustrated, the whole donation or gift, including unexpended principal and interest, will revert to and be vested in the donor or his legal representatives.

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

  • Ryan T. McDougle

    Republican • Senate

Cosponsors

There are no cosponsors for this bill.

Roll Call Votes

All Roll Calls

Yes: 15 • No: 0

Senate vote • 2/1/2024

Continued to 2025 in Education and Health

Yes: 15 • No: 0

Actions Timeline

  1. Left in Education and Health

    11/19/2024Senate
  2. Continued to 2025 in Education and Health (15-Y 0-N)

    2/1/2024Senate
  3. Assigned Education and Health Sub: Higher Education

    1/26/2024Senate
  4. Referred to Committee on Education and Health

    1/19/2024Senate
  5. Presented and ordered printed 24103429D

    1/19/2024Senate

Bill Text

  • Introduced

    1/19/2024

Related Bills

Back to State Legislation