VA SB274

Recognizes and restores Hampton University as both an 1862 and 1890 land-grant university of Virginia, making it eligible for federal funding under the Morrill Acts

Establishes eligibility for competitive and formula-based federal funds from USDA, Department of Education, National Science Foundation, NIH, and National Cancer Institute, plus required state matching funds

Requires Hampton University to advance its land-grant mission through agricultural and environmental research, cooperative extension programs for underserved populations, and workforce development in biotechnology, proton therapy, cancer research, marine science, and advanced manufacturing

Protects existing funding for Virginia Tech and Virginia State University, specifying that Hampton's designation shall not reduce any current funding formulas for those institutions

Creates an evaluation task force of legislators to assess feasibility and implementation upon federal recognition, with findings due within six months of federal approval or by November 1 of that year