SB729
Private activity bonds; allocation of state ceiling.
Status:
In House
Latest Action:
Feb. 16, 2026
Senate: Read third time and passed Senate Block Vote (39-Y 0-N 0-A)
Chief Patron:
Michael Jones (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
- 01/19/2026 - Senate: Presented and ordered printed 26105459D
- 01/19/2026 - Senate: Referred to Committee on General Laws and Technology
- 01/26/2026 - Senate: Fiscal Impact Statement from Department of Planning and Budget (SB729)
- 01/28/2026 - Senate: Rereferred from General Laws and Technology to Finance and Appropriations (11-Y 0-N)
- 01/28/2026 - Senate: Rereferred to Finance and Appropriations
- 02/03/2026 - Senate: Continued to next session in Finance and Appropriations (15-Y 0-N)
- 02/12/2026 - Senate: Reported from Finance and Appropriations (15-Y 0-N)
- 02/13/2026 - Senate: Rules suspended
- 02/13/2026 - Senate: Constitutional reading dispensed (on 1st reading) (35-Y 0-N 0-A)
- 02/13/2026 - Senate: Passed by for the day
- 02/16/2026 - Senate: Read second time
- 02/16/2026 - Senate: Engrossed by Senate Block Vote (Voice Vote)
- 02/16/2026 - Senate: Rules suspended
- 02/16/2026 - Senate: Constitutional reading dispensed Block Vote (on 3rd reading) (39-Y 0-N 0-A)
- 02/16/2026 - Senate: Read third time and passed Senate Block Vote (39-Y 0-N 0-A)
