republic-os/legislation/us/states/va/2022/sb-64.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	Proceeds of compromise agreements; investment in college savings trust accounts for minors.	Proceeds of compromise agreements; minors; investmentin college savings trust accounts. Permits a court to directthe payment of the proceeds of an approved compromise agreement,in the case of damage to the person or property of a minor, by investmentin a college savings trust account for which the minor is the beneficiarypursuant to a college savings trust agreement with the Virginia CollegeSavings Plan, provided that (i) the investment options pursuant tosuch agreement are restricted to target enrollment portfolios; (ii)the order or decree approving and confirming the compromise requiresthe minor beneficiary's parent, as that term is defined in relevantlaw, to act as the custodian of the account; and (iii) except inthe case of a distribution from the account to be applied towardthe minor beneficiary's qualified higher education expenses, as that term is defined in relevant federal law, the order or decree approvingand confirming the compromise prohibits the minor beneficiary's parentfrom making any transfer, withdrawal, termination, or other accounttransaction unless the court provides prior approval pursuant toa written order.	us/states/va	Virginia General Assembly	2022	SB 64	Virginia SB 64 (2022)	bill		enacted	Scott A. Surovell	3	24	6	2022-01-03	2022-04-11	openstates	ocd-bill/dd09245b-1034-4640-8e4d-5ec62d21a3c1	https://lis.virginia.gov/cgi-bin/legp604.exe?221+sum+SB64	665b7ad9ec78863aa939dd80b8090d6332e1e7ae5175cd0b4fd4f8a7852c5122	2026-07-01	https://data.openstates.org/daily/2026-07-01/public.pgdump	2026-07-06	reported	legislation bill us-va

Virginia SB 64 (2022) — Proceeds of compromise agreements; investment in college savings trust accounts for minors.

Proceeds of compromise agreements; minors; investmentin college savings trust accounts. Permits a court to directthe payment of the proceeds of an approved compromise agreement,in the case of damage to the person or property of a minor, by investmentin a college savings trust account for which the minor is the beneficiarypursuant to a college savings trust agreement with the Virginia CollegeSavings Plan, provided that (i) the investment options pursuant tosuch agreement are restricted to target enrollment portfolios; (ii)the order or decree approving and confirming the compromise requiresthe minor beneficiary's parent, as that term is defined in relevantlaw, to act as the custodian of the account; and (iii) except inthe case of a distribution from the account to be applied towardthe minor beneficiary's qualified higher education expenses, as that term is defined in relevant federal law, the order or decree approvingand confirming the compromise prohibits the minor beneficiary's parentfrom making any transfer, withdrawal, termination, or other accounttransaction unless the court provides prior approval pursuant toa written order.

Version chain

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

1. CHAP0535 (committee substitute) — source
2. Prefiled and ordered printed; offered 01/12/22 22100154D (committee substitute) — source
3. SB64ER (committee substitute) — source

Votes

• Reported from Courts of Justice (20-Y 0-N) — 20–0 (pass) · lower
• Reported from Judiciary (14-Y 0-N) — 14–0 (pass) · upper
• Constitutional reading dispensed (37-Y 0-N) — 37–0 (pass) · upper
• Subcommittee recommends reporting (8-Y 0-N) — 8–0 (pass) · lower
• VOTE: Block Vote Passage (100-Y 0-N) — 99–0 (pass) · lower
• Read third time and passed Senate (40-Y 0-N) — 40–0 (pass) · upper

Sponsors

• Scott A. Surovell — primary (person)

Timeline

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

• 2022-01-03 Prefiled and ordered printed; offered 01/12/22 22100154D introduction
• 2022-01-03 Referred to Committee on the Judiciary referral-committee
• 2022-01-16 Impact statement from DPB (SB64)
• 2022-01-19 Reported from Judiciary (14-Y 0-N) committee-passage
• 2022-01-21 Constitutional reading dispensed (37-Y 0-N)
• 2022-01-24 Read second time and engrossed reading-2
• 2022-01-25 Read third time and passed Senate (40-Y 0-N) passage, reading-3
• 2022-02-22 Placed on Calendar
• 2022-02-22 Read first time reading-1
• 2022-02-22 Referred to Committee for Courts of Justice referral-committee
• 2022-02-22 Assigned Courts sub: Subcommittee #2 referral-committee
• 2022-02-23 Subcommittee recommends reporting (8-Y 0-N)
• 2022-02-25 Reported from Courts of Justice (20-Y 0-N) committee-passage
• 2022-02-28 Read second time reading-2
• 2022-03-01 Read third time reading-3
• 2022-03-01 Passed House BLOCK VOTE (100-Y 0-N) passage
• 2022-03-01 VOTE: Block Vote Passage (100-Y 0-N)
• 2022-03-03 Enrolled
• 2022-03-03 Signed by Speaker
• 2022-03-04 Impact statement from DPB (SB64ER)
• 2022-03-04 Signed by President
• 2022-03-11 Enrolled Bill Communicated to Governor on March 11, 2022
• 2022-03-11 Governor's Action Deadline 11:59 p.m., April 11, 2022
• 2022-04-11 Approved by Governor-Chapter 535 (effective 7/1/22) executive-signature

Source

OpenStates / OpenCivicData bulk snapshot 2026-07-01; origin ocd-bill/dd09245b-1034-4640-8e4d-5ec62d21a3c1. Confidence: reported (aggregated from official Virginia legislature records).