HB1227
Private activity bonds; allocation of state ceiling.
Status:
Passed
Latest Action:
March 10, 2026
Governor's Action Deadline 11:59 p.m., April 13, 2026
Chief Patron:
Josh Thomas (D)
Session:
2026 Regular Session
Summary
As Introduced. 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 ... (More) 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. (Less)-
Bill History
- 01/14/2026 - House: Prefiled and ordered printed; Offered 01-14-2026 26103260D
- 01/14/2026 - House: Referred to Committee on Appropriations
- 01/23/2026 - House: Assigned HAPP sub: Commerce Agriculture & Natural Resources
- 01/26/2026 - House: Fiscal Impact Statement from Department of Planning and Budget (HB1227)
- 01/27/2026 - House: Placed on Appropriations Agenda
- 01/28/2026 - House: Subcommittee recommends reporting (3-Y 2-N)
- 01/29/2026 - House: Placed on Appropriations Agenda
- 01/30/2026 - House: Reported from Appropriations (21-Y 0-N)
- 02/03/2026 - House: Read first time
- 02/04/2026 - House: Moved from Uncontested Calendar to Regular Calendar
- 02/04/2026 - House: Read second time and engrossed
- 02/05/2026 - House: Read third time and passed House (92-Y 6-N 0-A)
- 02/06/2026 - Senate: Constitutional reading dispensed (on 1st reading)
- 02/06/2026 - Senate: Referred to Committee on Finance and Appropriations
- 02/25/2026 - Senate: Reported from Finance and Appropriations (15-Y 0-N)
- 02/26/2026 - Senate: Rules suspended
- 02/26/2026 - Senate: Constitutional reading dispensed Block Vote (on 2nd reading) (40-Y 0-N 0-A)
- 02/26/2026 - Senate: Passed by for the day Block Vote (Voice Vote)
- 02/27/2026 - Senate: Read third time
- 02/27/2026 - Senate: Passed Senate (37-Y 0-N 0-A)
- 03/04/2026 - House: Enrolled
- 03/04/2026 - House: Bill text as passed House and Senate (HB1227ER)
- 03/04/2026 - House: Signed by Speaker
- 03/04/2026 - Senate: Signed by President
- 03/05/2026 - House: Fiscal Impact Statement from Department of Planning and Budget (HB1227)
- 03/10/2026 - House: Enrolled Bill communicated to Governor on March 10, 2026
- 03/10/2026 - Governor's Action Deadline 11:59 p.m., April 13, 2026
