Fabio
85 lines
5.5 KiB
Markdown
85 lines
5.5 KiB
Markdown
---
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type: "Bill"
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title: "Higher educational institutions, public; use of investment fund earnings."
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description: "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."
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jurisdiction: "us/states/va"
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legislature: "Virginia General Assembly"
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session: "2017"
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identifier: "HB 2171"
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citation: "Virginia HB 2171 (2017)"
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classification: ["bill"]
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subjects: ["Study Commissions", "Committees and Reports"]
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status: "enacted"
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primary_sponsors: ["James P. \"Jimmie\" Massie, III"]
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version_count: 4
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action_count: 18
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vote_count: 8
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first_action: "2017-01-11"
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last_action: "2017-03-13"
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source: "openstates"
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source_identifier: "ocd-bill/8fa139d8-4a40-4887-b689-f18d19fba065"
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source_url: "http://lis.virginia.gov/cgi-bin/legp604.exe?171+sum+HB2171"
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source_hash: "f555a6995b81b0b4146e3b29c96679e7d4678fb57e21f50e3a4e70f0c2e00333"
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vintage: "2026-07-01"
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source_snapshot: "https://data.openstates.org/daily/2026-07-01/public.pgdump"
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retrieved_at: "2026-07-06"
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confidence: "reported"
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tags: ["legislation", "bill", "us-va"]
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---
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# Virginia HB 2171 (2017) — Higher educational institutions, public; use of investment fund earnings.
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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.
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## Version chain
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The bill's text revisions, in order — the diff chain from filing to enrollment.
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1. **Governor: Acts of Assembly Chapter text (CHAP0320)** (committee substitute) — [source](http://lis.virginia.gov/cgi-bin/legp604.exe?171+ful+CHAP0320)
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2. **House: Bill text as passed House and Senate (HB2171ER)** (committee substitute) — [source](http://lis.virginia.gov/cgi-bin/legp604.exe?171+ful+HB2171ER)
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3. **House: Committee substitute printed 17104982D-H1** (committee substitute) — [source](http://lis.virginia.gov/cgi-bin/legp604.exe?171+ful+HB2171H1)
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4. **House: Prefiled and ordered printed; offered 01/11/17 17102678D** (committee substitute) — [source](http://lis.virginia.gov/cgi-bin/legp604.exe?171+ful+HB2171)
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## Votes
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- Reconsideration of Senate passage agreed to by Senate — **40–0** (pass) · legislature
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- Subcommittee recommends reporting with substitute — **7–0** (pass) · legislature
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- Read third time and passed House BLOCK VOTE — **97–0** (pass) · legislature
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- Passed Senate — **39–0** (pass) · legislature
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- Constitutional reading dispensed — **39–0** (pass) · legislature
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- Passed Senate — **40–0** (pass) · legislature
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- Reported from Education and Health — **15–0** (pass) · legislature
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- Reported from Education with substitute — **21–0** (pass) · legislature
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## Sponsors
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- James P. "Jimmie" Massie, III — primary (person)
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## Timeline
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The legislative action history — every referral, reading, and vote.
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- **2017-01-11** Prefiled and ordered printed; offered 01/11/17 17102678D `introduction`
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- **2017-01-11** Referred to Committee on Education `referral-committee`
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- **2017-01-20** Assigned Education sub: Higher Education `referral-committee`
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- **2017-02-02** Read first time `reading-1`
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- **2017-02-03** Read second time `reading-2`
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- **2017-02-03** Committee substitute agreed to 17104982D-H1
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- **2017-02-03** Engrossed by House - committee substitute HB2171H1
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- **2017-02-06** Read third time and passed House BLOCK VOTE (97-Y 0-N) `passage, reading-3`
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- **2017-02-07** Constitutional reading dispensed
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- **2017-02-07** Referred to Committee on Education and Health `referral-committee`
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- **2017-02-13** Assigned Education sub: Higher Education `referral-committee`
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- **2017-02-20** Read third time `reading-3`
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- **2017-02-23** Enrolled
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- **2017-02-23** Signed by Speaker
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- **2017-02-24** Signed by President
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- **2017-02-28** Enrolled Bill communicated to Governor on 2/28/17
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- **2017-02-28** Governor's Action Deadline Midnight, March 27, 2017
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- **2017-03-13** Approved by Governor-Chapter 320 (effective 7/1/17) `executive-signature`
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## Source
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OpenStates / OpenCivicData bulk snapshot [2026-07-01](https://data.openstates.org/daily/2026-07-01/public.pgdump); origin `ocd-bill/8fa139d8-4a40-4887-b689-f18d19fba065`. Confidence: reported (aggregated from official Virginia legislature records).
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