VA HB404

Prohibits Virginia's five participating institutions (Longwood University, University of Virginia, Virginia Commonwealth University, Virginia Military Institute, and College of William and Mary) from passing scholarship program costs to other students through tuition or mandatory fee increases

Requires the State Council of Higher Education to establish a work group with representatives from each institution that meets at least semiannually to coordinate program administration, funding strategies, research efforts, and community engagement

Mandates creation of a single statewide online portal describing each institution's program criteria, application timelines, designated contacts, historical context, and memorial updates

Participating institutions must continue providing scholarships for a period equal to the duration they used enslaved labor, or until scholarships equal 100% of identified enslaved individuals, whichever comes first

Annual reports on program implementation must be submitted to legislative committees and the Virginia African American Advisory Board by November 1 each year