SB729Introduced in the Senate
Private activity bonds; allocation of state ceiling.
Introduced by Michael Jones, District 77
What does this bill do?
Plain-English breakdown
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Official description
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.
Where it stands
Acts of Assembly Chapter text (CHAP0038)
March 31, 2026
How did lawmakers vote?
House of Delegates votes
2 recorded votes · each counted separately
Senate votes
6 recorded votes · each counted separately
House of DelegatesStage: Passed House (90-Y 8-N 0-A) · March 2, 2026
90
Yes
8
No
1
Absent or Not Voting
99 delegates recorded in this House of Delegates vote. Colors show vote categories only, not whether a vote was good or bad.
See how each delegate voted
| Delegate | District | Vote |
|---|---|---|
| Patrick Hope | 1 | Yes |
| Adele McClure | 2 | Yes |
| Alfonso Lopez | 3 | Yes |
| Charniele Herring | 4 | Yes |
| Kirk McPike | 5 | Yes |
| Richard Sullivan | 6 | Yes |
| Karen Keys-Gamarra | 7 | Yes |
| Irene Shin | 8 | Yes |
| Karrie Delaney | 9 | Yes |
| Dan Helmer | 10 | Yes |
Bill history
Presented and ordered printed 26105459D
Referred to Committee on General Laws and Technology
Fiscal Impact Statement from Department of Planning and Budget (SB729)
Rereferred from General Laws and Technology to Finance and Appropriations (11-Y 0-N)
Continued to next session in Finance and Appropriations (15-Y 0-N)
Reported from Finance and Appropriations (15-Y 0-N)
Rules suspended
Constitutional reading dispensed (on 1st reading) (35-Y 0-N 0-A)
Passed by for the day
Read second time
Engrossed by Senate Block Vote (Voice Vote)
Rules suspended
Constitutional reading dispensed Block Vote (on 3rd reading) (39-Y 0-N 0-A)
Read third time and passed Senate Block Vote (39-Y 0-N 0-A)
Blank Action
Placed on Calendar
Read first time
Referred to Committee on Appropriations
Assigned HAPP sub: Commerce Agriculture & Natural Resources
Reported from Appropriations (22-Y 0-N)
Read second time
Moved from Uncontested Calendar to Regular Calendar
Read third time
Passed House (90-Y 8-N 0-A)
Enrolled
Bill text as passed Senate and House (SB729ER)
Signed by Speaker
Signed by President
Fiscal Impact Statement from Department of Planning and Budget (SB729)
Enrolled Bill communicated to Governor on March 10, 2026
Governor's Action Deadline 11:59 p.m., April 13, 2026
Approved by Governor-Chapter 38 (effective 7/1/2026)
Acts of Assembly Chapter text (CHAP0038)
Verify the information
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