Virginia § 30-332 - Required reports
Full text of Virginia Code of Virginia § 30-332 — Required reports, with citation guidance and answers to common questions.
§ 30-332. Required reports
A. The Commonwealth Savers Plan shall submit to the General Assembly, through the Commission, annual reports on the investment programs of the Commonwealth Savers Plan. The report shall be presented in a format approved by the Commission and shall include information concerning (i) planned or actual material changes in asset allocation, (ii) investment performance of all asset classes and subclasses, and (iii) investment policies and programs.
B. The Commonwealth Savers Plan shall submit an annual report on the actuarial soundness of the Plan's prepaid programs, which shall include (i) contract pricing policies and objectives, (ii) current and projected assets and actuarially estimated value of tuition obligations, and (iii) actuarial assumptions.
C. The Commonwealth Savers Plan shall furnish such reports or information as may be requested by the Commission or standing committees of the General Assembly having jurisdiction over the subject matter that is the basis of such committees' inquiry.
D. The Commission shall publish the following reports concerning the Commonwealth Savers Plan: (i) a biennial status report that shall include, at a minimum and where appropriate, findings and recommendations and (ii) with the assistance of an actuary, a review of the Commonwealth Savers Plan's annual actuarial valuation reports once every four years.
Frequently Asked Questions About Virginia § 30-332
What does Code of Virginia § 30-332 cover?
Section 30-332 ("Required reports") is part of the Code of Virginia, the codified statutory law of Virginia. It sets out the legal rule or procedure described in the text above. Statutes are amended regularly, so always verify against the official source.
How do I cite Virginia § 30-332?
A common citation format is "Code of Virginia § 30-332" (Virginia). Legal writing may require the code abbreviation, section number, and year or edition. Match the style required by your court, professor, or publisher.
Is this the official text of Virginia law?
No. This page is for research and education and may not include the most recent amendments. For official current law, check the Virginia official source linked on this page or consult a licensed Virginia attorney.
How does Virginia § 30-332 apply to my situation?
Statutes are interpreted in context, and application depends on your specific facts. Only a licensed attorney in Virginia can advise on how this section applies to you. Contact your state or local bar association for a referral.
Sources & Verification
Not legal advice. Verify against the official source and consult a licensed attorney in Virginia.