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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 HB 1227.
Introduced
Jan 19, 2026
Last Action
Mar 10, 2026
Session
VA 2026
Sponsors
1 primary · 0 co
Governor's Action Deadline 11:59 p.m., April 13, 2026
Enrolled Bill communicated to Governor on March 10, 2026
Signed by President
Signed by Speaker
Bill text as passed Senate and House (SB729ER)
Fiscal Impact Statement from Department of Planning and Budget (SB729)
Enrolled
Moved from Uncontested Calendar to Regular Calendar
Passed House (90-Y 8-N 0-A)
Read third time
Read second time
Reported from Appropriations (22-Y 0-N)
Assigned HAPP sub: Commerce Agriculture & Natural Resources
Placed on Calendar
Read first time
Referred to Committee on Appropriations
Read second time
Blank Action
Read third time and passed Senate Block Vote (39-Y 0-N 0-A)
Constitutional reading dispensed Block Vote (on 3rd reading) (39-Y 0-N 0-A)
Rules suspended
Engrossed by Senate Block Vote (Voice Vote)
Rules suspended
Passed by for the day
Constitutional reading dispensed (on 1st reading) (35-Y 0-N 0-A)
Reported from Finance and Appropriations (15-Y 0-N)
Continued to next session in Finance and Appropriations (15-Y 0-N)
Rereferred from General Laws and Technology to Finance and Appropriations (11-Y 0-N)
Fiscal Impact Statement from Department of Planning and Budget (SB729)
Referred to Committee on General Laws and Technology
Presented and ordered printed 26105459D
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
Michael J. Jones