2014 Special Session I

Budget Amendments - SB5003 (Committee Approved)

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VCSP - Technical Language (language only)

Item 479 #2s

Item 479 #2s

Independent Agencies
Virginia College Savings Plan

Page 415, line 24, strike "B." and insert "B.1.".
Page 415, after line 28, insert:
"2. Any moneys collected, distributed or held for the benefit of participants under the Virginia Education Savings Trust and other higher education savings programs, including any income from such funds, are not subject to the provisions of §§ 2.2-1800 through 2.2-1825, inclusive, or §23-38.76 (A) of the Code of Virginia requiring deposit in the State Treasury.  This provision does not apply to the Virginia Prepaid Education Program, or Plan administrative fee revenue."

(This amendment provides a technical language change.)