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Virginia · 2026 Regular Session · Bill

SB 729: Private activity bonds; allocation of state ceiling.

Enacted Official data

  1. Introduced
  2. In committee
  3. Passed one chamber
  4. Passed both chambers
  5. Enacted

Last official action: ·Record last updated:

Plain-language summary

SB 729 is a bill introduced in the Virginia Senate on January 19, 2026. According to its official title, it concerns: Private activity bonds; allocation of state ceiling. Primary sponsor: Michael J. Jones. Most recent recorded action (March 31, 2026): Acts of Assembly Chapter text (CHAP0038).

Generated automatically from the official title, sponsor list, and status record only. It does not characterize the bill’s purpose or effects. How summaries are written

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 HB 1227.

Sponsors

NameRolePartyChamberDistrict
Michael J. JonesPrimary sponsorNot applicable (committee)——

“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. Acts of Assembly Chapter text (CHAP0038)
  2. Approved by Governor-Chapter 38 (effective 7/1/2026)
  3. Governor's Action Deadline 11:59 p.m., April 13, 2026
  4. Enrolled Bill communicated to Governor on March 10, 2026
  5. Fiscal Impact Statement from Department of Planning and Budget (SB729)
  6. Signed by President
  7. Signed by Speaker
  8. Bill text as passed Senate and House (SB729ER)
  9. Enrolled
  10. Passed House (90-Y 8-N 0-A)
  11. Read third time
  12. Moved from Uncontested Calendar to Regular Calendar

Showing 12 most recent of 33 actions. Full history

Sources

  1. Open States / Plural (data from the official legislature website)
  2. Official legislature source