republic-os/legislation/us/states/va/2017/hb-2171.md

type, title, description, jurisdiction, legislature, session, identifier, citation, classification, subjects, status, primary_sponsors, version_count, action_count, vote_count, first_action, last_action, source, source_identifier, source_url, source_hash, vintage, source_snapshot, retrieved_at, confidence, tags

type	title	description	jurisdiction	legislature	session	identifier	citation	classification	subjects	status	primary_sponsors	version_count	action_count	vote_count	first_action	last_action	source	source_identifier	source_url	source_hash	vintage	source_snapshot	retrieved_at	confidence	tags
Bill	Higher educational institutions, public; use of investment fund earnings.	Requires the governing board of each public institution of higher education to annually report to the State Council of Higher Education for Virginia (i) the value of investments as reflected on the Statement of Net Position as of June 30 of the previous fiscal year, excluding any funds derived from endowment donations, endowment income, or other private philanthropy; (ii) the cash earnings on such balances in the previous fiscal year; and (iii) the use of the cash earnings on such balances. In the event that the commitment of any such investment earnings spans more than one fiscal year, the report shall reflect the commitments made in each future fiscal year. The bill excludes from such reporting requirements the investments of the Virginia Commonwealth University Health System Authority and the University of Virginia Medical Center.	us/states/va	Virginia General Assembly	2017	HB 2171	Virginia HB 2171 (2017)	bill	Study Commissions Committees and Reports	enacted	James P. "Jimmie" Massie, III	4	18	8	2017-01-11	2017-03-13	openstates	ocd-bill/8fa139d8-4a40-4887-b689-f18d19fba065	http://lis.virginia.gov/cgi-bin/legp604.exe?171+sum+HB2171	f555a6995b81b0b4146e3b29c96679e7d4678fb57e21f50e3a4e70f0c2e00333	2026-07-01	https://data.openstates.org/daily/2026-07-01/public.pgdump	2026-07-06	reported	legislation bill us-va

Virginia HB 2171 (2017) — Higher educational institutions, public; use of investment fund earnings.

Requires the governing board of each public institution of higher education to annually report to the State Council of Higher Education for Virginia (i) the value of investments as reflected on the Statement of Net Position as of June 30 of the previous fiscal year, excluding any funds derived from endowment donations, endowment income, or other private philanthropy; (ii) the cash earnings on such balances in the previous fiscal year; and (iii) the use of the cash earnings on such balances. In the event that the commitment of any such investment earnings spans more than one fiscal year, the report shall reflect the commitments made in each future fiscal year. The bill excludes from such reporting requirements the investments of the Virginia Commonwealth University Health System Authority and the University of Virginia Medical Center.

Version chain

The bill's text revisions, in order — the diff chain from filing to enrollment.

1. Governor: Acts of Assembly Chapter text (CHAP0320) (committee substitute) — source
2. House: Bill text as passed House and Senate (HB2171ER) (committee substitute) — source
3. House: Committee substitute printed 17104982D-H1 (committee substitute) — source
4. House: Prefiled and ordered printed; offered 01/11/17 17102678D (committee substitute) — source

Votes

• Reconsideration of Senate passage agreed to by Senate — 40–0 (pass) · legislature
• Subcommittee recommends reporting with substitute — 7–0 (pass) · legislature
• Read third time and passed House BLOCK VOTE — 97–0 (pass) · legislature
• Passed Senate — 39–0 (pass) · legislature
• Constitutional reading dispensed — 39–0 (pass) · legislature
• Passed Senate — 40–0 (pass) · legislature
• Reported from Education and Health — 15–0 (pass) · legislature
• Reported from Education with substitute — 21–0 (pass) · legislature

Sponsors

• James P. "Jimmie" Massie, III — primary (person)

Timeline

The legislative action history — every referral, reading, and vote.

• 2017-01-11 Prefiled and ordered printed; offered 01/11/17 17102678D introduction
• 2017-01-11 Referred to Committee on Education referral-committee
• 2017-01-20 Assigned Education sub: Higher Education referral-committee
• 2017-02-02 Read first time reading-1
• 2017-02-03 Read second time reading-2
• 2017-02-03 Committee substitute agreed to 17104982D-H1
• 2017-02-03 Engrossed by House - committee substitute HB2171H1
• 2017-02-06 Read third time and passed House BLOCK VOTE (97-Y 0-N) passage, reading-3
• 2017-02-07 Constitutional reading dispensed
• 2017-02-07 Referred to Committee on Education and Health referral-committee
• 2017-02-13 Assigned Education sub: Higher Education referral-committee
• 2017-02-20 Read third time reading-3
• 2017-02-23 Enrolled
• 2017-02-23 Signed by Speaker
• 2017-02-24 Signed by President
• 2017-02-28 Enrolled Bill communicated to Governor on 2/28/17
• 2017-02-28 Governor's Action Deadline Midnight, March 27, 2017
• 2017-03-13 Approved by Governor-Chapter 320 (effective 7/1/17) executive-signature

Source

OpenStates / OpenCivicData bulk snapshot 2026-07-01; origin ocd-bill/8fa139d8-4a40-4887-b689-f18d19fba065. Confidence: reported (aggregated from official Virginia legislature records).