Summary: Virginia Retirement System; plan credits and accounts. Allows members of the Virginia Retirement System to purchase service credit for prior full-time active duty military service of at least 180 consecutive days in any federally established branch of the armed services. Under current law, such purchases are restricted to prior full-time active duty military service of at least 180 consecutive days in the United States Army, Navy, Air Force, Marines, or Coast Guard. The bill also provides that any funds or other property held in a Virginia Retirement System defined contribution plan, deferred compensation plan, or cash match plan remaining unclaimed for more than five years shall be presumed abandoned under the Virginia Disposition of Unclaimed Property Act and may escheat to the state treasury. Under current law, the Act does not apply to any Virginia Retirement System defined benefit plan funds or other property. This bill is identical to HB 70.

Summary: Six-year financial plan. Modifies the requirements for the six-year financial plan submitted by the Governor to the General Assembly by (i) requiring that such plan be submitted on or before the first day of each regular session of the General Assembly instead of on or before the first day of each regular session of the General Assembly held in an even-numbered year as required by current law and (ii) providing that such plan ensure structural balance between projected revenues and expenditures for the six-year period. This bill is identical to HB 712.

Summary: Investment of public funds. Allows any qualified public entity of the Commonwealth to invest in asset-backed securities that are guaranteed by the United States or any agency thereof. This bill is identical to HB 356.

Summary: Capital outlay plan. Updates the six-year capital outlay plan for projects to be funded entirely or partially from general fund-supported resources. This bill incorporates SB 601 is identical to HB 715.

Summary: Bonds for public institutions of higher learning; emergency. Authorizes issuance of bonds in an amount up to $124,285,000 for revenue-producing capital projects at James Madison University, Virginia State University, and The College of William and Mary in Virginia. The bill contains an emergency clause and is identical to HB 711.

Summary: Department of Education and Virginia Community College System; College and Career Ready Virginia Program and Fund established. Establishes the College and Career Ready Virginia Fund and requires the Department of Education and the Virginia Community College System to establish the College and Career Ready Virginia Program whereby each school board is required to offer each qualified high school student in the local school division access at the high school to the dual enrollment courses that are sufficient to complete the Passport Program and the Uniform Certificate of General Studies Program at a public institution of higher education at no cost to such students. The bill establishes several enumerated duties for the Department and the System in the administration of the College and Career Ready Virginia Program, including the establishment of a work group to make recommendations no later than November 1, 2024, on the incorporation of a career and technical education program of coursework into the College and Career Ready Virginia Program. This bill is identical to HB 1087.