HB 1227: Private activity bonds; allocation of state ceiling.

Official summary

Abstract published by the legislature (via Open States). Text as published by the legislature; reproduced verbatim.

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 SB 729.

Sponsors

Sponsors by party (alphabetical): Democratic 1

“Support” is shown only as formal sponsorship recorded by the legislature. Roll-call votes are available on the official bill page.

Recent official actions

1. March 31, 2026Acts of Assembly Chapter text (CHAP0037)
2. March 31, 2026Approved by Governor-Chapter 37 (effective 7/1/2026)
3. March 10, 2026Governor's Action Deadline 11:59 p.m., April 13, 2026
4. March 10, 2026Enrolled Bill communicated to Governor on March 10, 2026
5. March 5, 2026Fiscal Impact Statement from Department of Planning and Budget (HB1227)
6. March 4, 2026Signed by President
7. March 4, 2026Signed by Speaker
8. March 4, 2026Bill text as passed House and Senate (HB1227ER)
9. March 4, 2026Enrolled
10. February 27, 2026Passed Senate (37-Y 0-N 0-A)
11. February 27, 2026Read third time
12. February 26, 2026Passed by for the day Block Vote (Voice Vote)

Showing 12 most recent of 27 actions. Full history