{"formats":[{"name":"JSON","format":"json","url":"\/downloads\/2025\/code-json\/23.1-709.json"},{"name":"Plain Text","format":"text","url":"\/downloads\/2025\/code-text\/23.1-709.txt"},{"name":"XML","format":"xml","url":"\/downloads\/2025\/code-xml\/23.1-709.xml"},{"name":"HTML","format":"html","url":"\/downloads\/2025\/code-html\/23.1-709.html"}],"law_id":77258,"edition_id":1,"section_id":77258,"structure_id":13113,"section_number":"23.1-709","catch_line":"Annual report","history":"1994, c. 661, \u00a7 23-38.84; 1995, c. 315; 2000, cc. 382, 400; 2005, c. 633; 2011, cc. 18, 26; 2016, c. 588.","full_text":"On or before December 15, the board shall post on its website and submit to the Governor, the Senate Committee on Finance and Appropriations, and the House Committees on Appropriations and Finance an annual statement of the receipts, disbursements, and current investments of the Plan for the preceding year. The report shall set forth a complete operating and financial statement covering the operation of the Plan during the year and shall include a statement of projected receipts, disbursements, investments, and costs for the further operation of the Plan.","order_by":null,"text":{"0":{"id":277132,"text":"On or before December 15, the board shall post on its website and submit to the Governor, the Senate Committee on Finance and Appropriations, and the House Committees on Appropriations and Finance an annual statement of the receipts, disbursements, and current investments of the Plan for the preceding year. The report shall set forth a complete operating and financial statement covering the operation of the Plan during the year and shall include a statement of projected receipts, disbursements, investments, and costs for the further operation of the Plan.","type":"section","prefixes":[""],"prefix":"","entire_prefix":"","prefix_anchor":"","level":1}},"ancestry":[{"id":13113,"edition_id":1,"name":"Commonwealth Savers Plan and Able Savings Trust Accounts","identifier":"7","label":"chapter","depth":3,"order_by":1,"parent_id":13112,"metadata":{},"date_created":"2026-06-26 03:44:18","date_modified":"2026-06-26 03:44:18","permalink":{"id":185235,"object_type":"structure","relational_id":13113,"identifier":"7","token":"23.1\/II\/7","url":"\/23.1\/II\/7\/","edition_id":1,"permalink":0,"preferred":1}},{"id":13112,"edition_id":1,"name":"Students and Campus","identifier":"II","label":"subtitle","depth":2,"order_by":1,"parent_id":13111,"metadata":{},"date_created":"2026-06-26 03:44:18","date_modified":"2026-06-26 03:44:18","permalink":{"id":184847,"object_type":"structure","relational_id":13112,"identifier":"II","token":"23.1\/II","url":"\/23.1\/II\/","edition_id":1,"permalink":0,"preferred":1}},{"id":13111,"edition_id":1,"name":"Institutions of Higher Education; 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investment and administration of the Plan","url":"\/23.1-706\/","token":"23.1\/II\/7\/23.1-706","metadata":false},{"id":57132,"structure_id":13113,"section_number":"23.1-707","catch_line":"Prepaid tuition contracts and college and ABLE savings trust agreements","url":"\/23.1-707\/","token":"23.1\/II\/7\/23.1-707","metadata":false},{"id":54148,"structure_id":13113,"section_number":"23.1-707.1","catch_line":"Prepaid tuition contracts; pricing reserves; limitations","url":"\/23.1-707.1\/","token":"23.1\/II\/7\/23.1-707.1","metadata":false},{"id":62682,"structure_id":13113,"section_number":"23.1-708","catch_line":"Assets of the Plan exempt from taxation","url":"\/23.1-708\/","token":"23.1\/II\/7\/23.1-708","metadata":false},{"id":77258,"structure_id":13113,"section_number":"23.1-709","catch_line":"Annual report","url":"\/23.1-709\/","token":"23.1\/II\/7\/23.1-709","metadata":false},{"id":74025,"structure_id":13113,"section_number":"23.1-710","catch_line":"Forms and audit of accounts and records","url":"\/23.1-710\/","token":"23.1\/II\/7\/23.1-710","metadata":false},{"id":82160,"structure_id":13113,"section_number":"23.1-711","catch_line":"Admission to institutions not guaranteed; coverage limitations","url":"\/23.1-711\/","token":"23.1\/II\/7\/23.1-711","metadata":false},{"id":72325,"structure_id":13113,"section_number":"23.1-712","catch_line":"Payroll deductions","url":"\/23.1-712\/","token":"23.1\/II\/7\/23.1-712","metadata":false},{"id":84958,"structure_id":13113,"section_number":"23.1-713","catch_line":"Liberal construction of chapter","url":"\/23.1-713\/","token":"23.1\/II\/7\/23.1-713","metadata":false}],"previous_section":{"id":62682,"structure_id":13113,"section_number":"23.1-708","catch_line":"Assets of the Plan exempt from taxation","url":"\/23.1-708\/","token":"23.1\/II\/7\/23.1-708","metadata":false},"next_section":{"id":74025,"structure_id":13113,"section_number":"23.1-710","catch_line":"Forms and audit of accounts and records","url":"\/23.1-710\/","token":"23.1\/II\/7\/23.1-710","metadata":false},"metadata":false,"official_url":"https:\/\/law.lis.virginia.gov\/vacode\/23.1-709\/","history_text":"

This law was first created in 1994. The record of its establishment is cataloged in chapter 661<\/a> of that year\u2019s edition of \u201cActs of Assembly,\u201d the annual state publication listing all changes made to the Code of Virginia in that year. It has been modified 5 times. Those modifications are cataloged by \u201cThe Acts of Assembly,\u201d a state publication, by year and chapter. Those modifications that can be read on the General Assembly\u2019s website will be linked accordingly. Those modifications are as follows: in 1995, chapter 315<\/a>; in 2000, chapters 382<\/a> and 400<\/a>; in 2005, chapter 633<\/a>; in 2011, chapters 18<\/a> and 26<\/a>; in 2016, chapter 588<\/a>.<\/p>","references":[{"id":72112,"section_number":"2.2-2753","catch_line":"Audit and annual reports","order_by":null,"url":"\/2.2-2753\/"}],"refers_to":false,"permalink":{"id":185277,"object_type":"law","relational_id":77258,"identifier":"23.1-709","token":"23.1\/II\/7\/23.1-709","url":"\/23.1-709\/","edition_id":1,"permalink":0,"preferred":1},"url":"\/23.1-709\/","token":"23.1\/II\/7\/23.1-709","dublin_core":{"Title":"Annual report","Type":"Text","Format":"text\/html","Identifier":"\u00a7 23.1-709","Relation":"Code of Virginia"},"html":"\n\t\t\t\t\t\t

On or before December 15, the board<\/span> shall post on its website and submit to the Governor, the Senate Committee on Finance and Appropriations, and the House Committees on Appropriations and Finance an annual statement of the receipts, disbursements, and current investments of the Plan<\/span> for the preceding year. The report shall set forth a complete operating and financial statement covering the operation of the Plan<\/span> during the year and shall include a statement of projected receipts, disbursements, investments, and costs for the further operation of the Plan<\/span>.<\/p><\/section>","plain_text":" CODE OF VIRGINIA\n\nANNUAL REPORT (\u00a7 23.1-709)\n\nOn or before December 15, the board shall post on its website and submit to the\nGovernor, the Senate Committee on Finance and Appropriations, and the House\nCommittees on Appropriations and Finance an annual statement of the receipts,\ndisbursements, and current investments of the Plan for the preceding year. The\nreport shall set forth a complete operating and financial statement covering the\noperation of the Plan during the year and shall include a statement of projected\nreceipts, disbursements, investments, and costs for the further operation of the\nPlan.\n\nHISTORY: 1994, c. 661, \u00a7 23-38.84; 1995, c. 315; 2000, cc. 382, 400; 2005, c.\n633; 2011, cc. 18, 26; 2016, c. 588.","edition":{"id":1,"name":"2025","slug":"2025","date_created":"2026-06-21 22:39:22","date_modified":"2026-06-21 22:39:22","current":1,"order_by":1,"last_import":null}}