{"formats":[{"name":"JSON","format":"json","url":"\/downloads\/2025\/code-json\/30-331.json"},{"name":"Plain Text","format":"text","url":"\/downloads\/2025\/code-text\/30-331.txt"},{"name":"XML","format":"xml","url":"\/downloads\/2025\/code-xml\/30-331.xml"},{"name":"HTML","format":"html","url":"\/downloads\/2025\/code-html\/30-331.html"}],"law_id":87506,"edition_id":1,"section_id":87506,"structure_id":14357,"section_number":"30-331","catch_line":"Duties and powers","history":"2012, cc. 591, 659; 2024, c. 217.","full_text":"A\n\nThe areas of review and evaluation to be conducted by the Commission shall include, but are not limited to, the following: (i) structure and governance of the Commonwealth Savers Plan; (ii) structure of the investment portfolio; (iii) investment practices, policies, and performance; (iv) actuarial policy; and (v) administration and management of the Commonwealth Savers Plan.B\n\nFor purposes of carrying out its duties under this chapter, the Commission shall have the following powers, including but not limited to:1\n\nAccess to the information, records, and facilities of the Commonwealth Savers Plan and any corporations or subsidiaries thereof or other entities owned, directly or indirectly, or otherwise created by or on behalf of the Plan.2\n\nAccess to the public and executive session meetings and records of the Board of the Commonwealth Savers Plan, as well as those of any advisory committees. Access shall include the right to attend such meetings.3\n\nAccess to the Commonwealth Savers Plan’s employees, consultants, actuaries, investment managers, advisors, attorneys, accountants, or other contractors in the employ or hire of the Commonwealth Savers Plan. Such persons shall cooperate with the Commission and upon its request shall provide specific information or opinions in the form requested.C\n\nThe chairman of the Commission may appoint a permanent subcommittee to provide guidance and direction for oversight activities, subject to the full Commission’s supervision and such guidelines as the Commission itself may provide.D\n\nConfidential or proprietary records of the Commonwealth Savers Plan or its subsidiary corporations provided to the Commission shall be exempt from the Virginia Freedom of Information Act (§ 2.2-3700 et seq.).","order_by":null,"text":{"0":{"id":313248,"text":"The areas of review and evaluation to be conducted by the Commission shall include, but are not limited to, the following: (i) structure and governance of the Commonwealth Savers Plan; (ii) structure of the investment portfolio; (iii) investment practices, policies, and performance; (iv) actuarial policy; and (v) administration and management of the Commonwealth Savers Plan.","type":"section","prefixes":["A"],"prefix":"A","entire_prefix":"A","prefix_anchor":"A","level":1,"next_prefix":"B"},"1":{"id":313249,"text":"For purposes of carrying out its duties under this chapter, the Commission shall have the following powers, including but not limited to:","type":"section","prefixes":["B"],"prefix":"B","entire_prefix":"B","prefix_anchor":"B","level":1,"prior_prefix":"A","next_prefix":"B1"},"2":{"id":313250,"text":"Access to the information, records, and facilities of the Commonwealth Savers Plan and any corporations or subsidiaries thereof or other entities owned, directly or indirectly, or otherwise created by or on behalf of the Plan.","type":"section","prefixes":["B","1"],"prefix":"1","entire_prefix":"B1","prefix_anchor":"B1","level":2,"prior_prefix":"B","next_prefix":"B2"},"3":{"id":313251,"text":"Access to the public and executive session meetings and records of the Board of the Commonwealth Savers Plan, as well as those of any advisory committees. Access shall include the right to attend such meetings.","type":"section","prefixes":["B","2"],"prefix":"2","entire_prefix":"B2","prefix_anchor":"B2","level":2,"prior_prefix":"B1","next_prefix":"B3"},"4":{"id":313252,"text":"Access to the Commonwealth Savers Plan’s employees, consultants, actuaries, investment managers, advisors, attorneys, accountants, or other contractors in the employ or hire of the Commonwealth Savers Plan. Such persons shall cooperate with the Commission and upon its request shall provide specific information or opinions in the form requested.","type":"section","prefixes":["B","3"],"prefix":"3","entire_prefix":"B3","prefix_anchor":"B3","level":2,"prior_prefix":"B2","next_prefix":"C"},"5":{"id":313253,"text":"The chairman of the Commission may appoint a permanent subcommittee to provide guidance and direction for oversight activities, subject to the full Commission’s supervision and such guidelines as the Commission itself may provide.","type":"section","prefixes":["C"],"prefix":"C","entire_prefix":"C","prefix_anchor":"C","level":1,"prior_prefix":"B3","next_prefix":"D"},"6":{"id":313254,"text":"Confidential or proprietary records of the Commonwealth Savers Plan or its subsidiary corporations provided to the Commission shall be exempt from the Virginia Freedom of Information Act (§ 2.2-3700 et seq.).","type":"section","prefixes":["D"],"prefix":"D","entire_prefix":"D","prefix_anchor":"D","level":1,"prior_prefix":"C"}},"ancestry":[{"id":14357,"edition_id":1,"name":"Commonwealth Savers Plan Oversight Act","identifier":"51","label":"chapter","depth":2,"order_by":1,"parent_id":12738,"metadata":{},"date_created":"2026-06-26 03:47:52","date_modified":"2026-06-26 03:47:52","permalink":{"id":200487,"object_type":"structure","relational_id":14357,"identifier":"51","token":"30\/51","url":"\/30\/51\/","edition_id":1,"permalink":0,"preferred":1}},{"id":12738,"edition_id":1,"name":"General Assembly","identifier":"30","label":"title","depth":1,"order_by":1,"parent_id":null,"metadata":{},"date_created":"2026-06-26 03:43:51","date_modified":"2026-06-26 03:43:51","permalink":{"id":199019,"object_type":"structure","relational_id":12738,"identifier":"30","token":"30","url":"\/30\/","edition_id":1,"permalink":0,"preferred":1}}],"structure_contents":[{"id":85722,"structure_id":14357,"section_number":"30-330","catch_line":"Title of chapter and purpose","url":"\/30-330\/","token":"30\/51\/30-330","metadata":false},{"id":87506,"structure_id":14357,"section_number":"30-331","catch_line":"Duties and powers","url":"\/30-331\/","token":"30\/51\/30-331","metadata":false},{"id":55675,"structure_id":14357,"section_number":"30-332","catch_line":"Required reports","url":"\/30-332\/","token":"30\/51\/30-332","metadata":false},{"id":80692,"structure_id":14357,"section_number":"30-333","catch_line":"Use of consultants","url":"\/30-333\/","token":"30\/51\/30-333","metadata":false},{"id":81393,"structure_id":14357,"section_number":"30-334","catch_line":"Cooperation of other agencies","url":"\/30-334\/","token":"30\/51\/30-334","metadata":false},{"id":65408,"structure_id":14357,"section_number":"30-335","catch_line":"Funding for the Commission's oversight activities","url":"\/30-335\/","token":"30\/51\/30-335","metadata":false}],"previous_section":{"id":85722,"structure_id":14357,"section_number":"30-330","catch_line":"Title of chapter and purpose","url":"\/30-330\/","token":"30\/51\/30-330","metadata":false},"next_section":{"id":55675,"structure_id":14357,"section_number":"30-332","catch_line":"Required reports","url":"\/30-332\/","token":"30\/51\/30-332","metadata":false},"metadata":false,"official_url":"https:\/\/law.lis.virginia.gov\/vacode\/30-331\/","history_text":"

This law was first created in 2012. The record of its establishment is cataloged in chapters 591<\/a> and 659<\/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 1 time. 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. That modification is as follows: in 2024, chapter 217<\/a>.<\/p>","references":false,"refers_to":[{"id":55569,"section_number":"2.2-3700","catch_line":"Short title; policy","order_by":null,"url":"\/2.2-3700\/"}],"permalink":{"id":200493,"object_type":"law","relational_id":87506,"identifier":"30-331","token":"30\/51\/30-331","url":"\/30-331\/","edition_id":1,"permalink":0,"preferred":1},"url":"\/30-331\/","token":"30\/51\/30-331","dublin_core":{"Title":"Duties and powers","Type":"Text","Format":"text\/html","Identifier":"\u00a7 30-331","Relation":"Code of Virginia"},"html":"\n\t\t\t\t\t\t

A.<\/span> The areas of review and evaluation to be conducted by the Commission shall include, but are not limited to, the following: (i) structure and governance of the Commonwealth Savers Plan; (ii) structure of the investment portfolio; (iii) investment practices, policies, and performance; (iv) actuarial policy; and (v) administration and management of the Commonwealth Savers Plan. <\/i><\/a><\/p><\/section>\n\t\t\t\t\t\t

B.<\/span> For purposes of carrying out its duties under this chapter, the Commission shall have the following powers, including but not limited to: <\/i><\/a><\/p><\/section>\n\t\t\t\t\t\t

1.<\/span> Access to the information, records, and facilities of the Commonwealth Savers Plan and any corporations or subsidiaries thereof or other entities owned, directly or indirectly, or otherwise created by or on behalf of the Plan. <\/i><\/a><\/p><\/section>\n\t\t\t\t\t\t

2.<\/span> Access to the public and executive session meetings and records of the Board of the Commonwealth Savers Plan, as well as those of any advisory committees. Access shall include the right to attend such meetings. <\/i><\/a><\/p><\/section>\n\t\t\t\t\t\t

3.<\/span> Access to the Commonwealth Savers Plan’s employees, consultants, actuaries, investment managers, advisors, attorneys, accountants, or other contractors in the employ or hire of the Commonwealth Savers Plan. Such persons shall cooperate with the Commission and upon its request shall provide specific information or opinions<\/span> in the form requested. <\/i><\/a><\/p><\/section>\n\t\t\t\t\t\t

C.<\/span> The chairman of the Commission may appoint a permanent subcommittee to provide guidance and direction for oversight activities, subject to the full Commission’s supervision and such guidelines as the Commission itself may provide. <\/i><\/a><\/p><\/section>\n\t\t\t\t\t\t

D.<\/span> Confidential or proprietary records of the Commonwealth Savers Plan or its subsidiary corporations provided to the Commission shall be exempt from the Virginia Freedom of Information Act (§ 2.2-3700<\/a> et seq.). <\/i><\/a><\/p><\/section>","plain_text":" CODE OF VIRGINIA\n\nDUTIES AND POWERS (\u00a7 30-331)\n\nA. The areas of review and evaluation to be conducted by the Commission shall\ninclude, but are not limited to, the following: (i) structure and governance of\nthe Commonwealth Savers Plan; (ii) structure of the investment portfolio; (iii)\ninvestment practices, policies, and performance; (iv) actuarial policy; and (v)\nadministration and management of the Commonwealth Savers Plan.\n\nB. For purposes of carrying out its duties under this chapter, the Commission\nshall have the following powers, including but not limited to:\n\n 1. Access to the information, records, and facilities of the Commonwealth\n Savers Plan and any corporations or subsidiaries thereof or other entities\n owned, directly or indirectly, or otherwise created by or on behalf of the\n Plan.\n\n 2. Access to the public and executive session meetings and records of the\n Board of the Commonwealth Savers Plan, as well as those of any advisory\n committees. Access shall include the right to attend such meetings.\n\n 3. Access to the Commonwealth Savers Plan’s employees, consultants,\n actuaries, investment managers, advisors, attorneys, accountants, or other\n contractors in the employ or hire of the Commonwealth Savers Plan. Such\n persons shall cooperate with the Commission and upon its request shall provide\n specific information or opinions in the form requested.\n\nC. The chairman of the Commission may appoint a permanent subcommittee to\nprovide guidance and direction for oversight activities, subject to the full\nCommission’s supervision and such guidelines as the Commission itself may\nprovide.\n\nD. Confidential or proprietary records of the Commonwealth Savers Plan or its\nsubsidiary corporations provided to the Commission shall be exempt from the\nVirginia Freedom of Information Act (§ 2.2-3700 et seq.).\n\nHISTORY: 2012, cc. 591, 659; 2024, c. 217.","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}}