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VA SB729
Bill
Status
Enrolled
3/5/2026
Primary Sponsor
Michael Jones
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AI Summary
- Increases the total housing allocation of Virginia's private activity bond state ceiling from 57% to 67%, effective for 2026 and beyond
- Raises the Virginia Housing Development Authority's share from 43% to 50% of the state ceiling, while local housing authorities increase from 14% to 17%
- Reduces the industrial development bond allocation for manufacturing and exempt facilities from 25% to 15% of the state ceiling
- Lowers the maximum cap on industrial development bonds that can reduce housing authority allocations from 41% to 25%
- Maintains the 18% state allocation set aside for state issuing authorities to fund housing, exempt projects, and manufacturing facilities of state and regional interest
Legislative Description
Private activity bonds; allocation of state ceiling.
Last Action
Governor's Action Deadline 11:59 p.m., April 13, 2026
3/10/2026
Committee Referrals
Appropriations: Commerce Agriculture & Natural Resources2/25/2026
Appropriations2/20/2026
General Laws and Technology1/19/2026
Full Bill Text
No bill text available