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Private activity bonds; allocation of state ceiling. Increases the housing allocation of the Virginia state ceiling on private activity bonds from 57 to 67 percent by (i) increasing the allocation to the Virginia Housing Development Authority from the current 43 percent to 50 percent and (ii) increasing the allocation to local housing authorities from the current 14 percent to 17 percent. The bill also maintains the current 18 percent for the Governor's state allocation portion and reduces the industrial development bonds for manufacturing and exempt facilities portion of the ceiling from 25 to 15 percent. This bill is identical to SB 729.
Introduced
Jan 14, 2026
Last Action
Mar 10, 2026
Session
VA 2026
Sponsors
1 primary · 0 co
Enrolled Bill communicated to Governor on March 10, 2026
Governor's Action Deadline 11:59 p.m., April 13, 2026
Fiscal Impact Statement from Department of Planning and Budget (HB1227)
Signed by President
Enrolled
Bill text as passed House and Senate (HB1227ER)
Signed by Speaker
Passed Senate (37-Y 0-N 0-A)
Read third time
Passed by for the day Block Vote (Voice Vote)
Rules suspended
Constitutional reading dispensed Block Vote (on 2nd reading) (40-Y 0-N 0-A)
Reported from Finance and Appropriations (15-Y 0-N)
Constitutional reading dispensed (on 1st reading)
Referred to Committee on Finance and Appropriations
Read third time and passed House (92-Y 6-N 0-A)
Moved from Uncontested Calendar to Regular Calendar
Read second time and engrossed
Read first time
Reported from Appropriations (21-Y 0-N)
Subcommittee recommends reporting (3-Y 2-N)
Fiscal Impact Statement from Department of Planning and Budget (HB1227)
Assigned HAPP sub: Commerce Agriculture & Natural Resources
Prefiled and ordered printed; Offered 01-14-2026 26103260D
Referred to Committee on Appropriations
Get a plain-English explanation of what this bill does, who it affects, and why it matters.
Governor's Action Deadline 11:59 p.m., April 13, 2026
Joshua E. Thomas