# Virginia HB1227: Private activity bonds; allocation of state ceiling.

Virginia HB1227, Private activity bonds; allocation of state ceiling., is a 2026 Regular Session House bill sponsored by Joshua E. Thomas (Democratic); status signed, last action 2026-03-31 (Acts of Assembly Chapter text (CHAP0037)); PRIA reads it as touching household money (as of 2026-10-12).

- Canonical: https://policyrisk.com/state-bill/VA-HB1227-2026
- As of: 2026-10-12
- Plain-text twin of the page above; the HTML and this file carry the same facts.

## Facts
- Bill: Virginia HB1227
- State: Virginia
- Session: 2026 Regular Session
- Title: Private activity bonds; allocation of state ceiling.
- Status: signed
- Chamber: House
- Introduced: 2026-01-14
- Last action: 2026-03-31, Acts of Assembly Chapter text (CHAP0037)
- Sponsor: Joshua E. Thomas (Democratic)
- Cosponsors: 0
- Touches household money: yes
- Roll calls: 7 (208 yes, 8 no in all)
- Economic provisions PRIA read: 2

## Summary

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.

## Bill overview: provisions PRIA read

- More bond financing reserved for housing: benefit, low. Beginning in 2026, Virginia reserves 67% of its annual private activity bond limit for housing, up from 57%. This covers single-family and multifamily housing bonds. Local housing authorities receive 17% of the total limit, up from 14%. The Virginia Housing Development Authority receives 50%, up fr…
- Less bond financing reserved for industry: cost, low. Beginning in 2026, Virginia reserves 15% of its annual private activity bond limit for manufacturing and exempt facilities, down from 25%. A separate 18% goes to state issuing authorities for housing, exempt projects, and manufacturing facilities serving state or regional interests. The Governor de…

## Sponsors and cosponsors

- Sponsor: Joshua E. Thomas (Democratic), House

## Roll call votes

| Date | Chamber | Motion | Result | Yes | No | Other |
| --- | --- | --- | --- | --- | --- | --- |
| 2026-02-27 | Senate | Passed Senate Block Vote | pass | 37 | 0 |   |
| 2026-02-26 | Senate | Passed by for the day Block Vote (Voice Vote) | pass | 0 | 0 |   |
| 2026-02-26 | Senate | Constitutional reading dispensed Block Vote (on 2nd reading) | pass | 40 | 0 |   |
| 2026-02-25 | Senate | Reported from Finance and Appropriations | pass | 15 | 0 |   |
| 2026-02-05 | House | Read third time and passed House | pass | 92 | 6 |   |
| 2026-01-30 | House | Reported from Appropriations | pass | 21 | 0 |   |
| 2026-01-28 | House | Subcommittee recommends reporting | pass | 3 | 2 |   |

## Actions (27)

- 2026-03-31: Acts of Assembly Chapter text (CHAP0037) (Governor)
- 2026-03-31: Approved by Governor-Chapter 37 (effective 7/1/2026) (Governor)
- 2026-03-10: Governor's Action Deadline 11:59 p.m., April 13, 2026 (Governor)
- 2026-03-10: Enrolled Bill communicated to Governor on March 10, 2026 (House)
- 2026-03-05: Fiscal Impact Statement from Department of Planning and Budget (HB1227) (House)
- 2026-03-04: Bill text as passed House and Senate (HB1227ER) (House)
- 2026-03-04: Enrolled (House)
- 2026-03-04: Signed by President (Senate)
- 2026-03-04: Signed by Speaker (House)
- 2026-02-27: Passed Senate Block Vote (37-Y 0-N 0-A) (Senate)
- 2026-02-27: Read third time (Senate)
- 2026-02-26: Passed by for the day Block Vote (Voice Vote) (Senate)
- 2026-02-26: Constitutional reading dispensed Block Vote (on 2nd reading) (40-Y 0-N 0-A) (Senate)
- 2026-02-26: Rules suspended (Senate)
- 2026-02-25: Reported from Finance and Appropriations (15-Y 0-N) (Senate)
- 2026-02-06: Referred to Committee on Finance and Appropriations (Senate)
- 2026-02-06: Constitutional reading dispensed (on 1st reading) (Senate)
- 2026-02-05: Read third time and passed House (92-Y 6-N 0-A) (House)
- 2026-02-04: Read second time and engrossed (House)
- 2026-02-04: Moved from Uncontested Calendar to Regular Calendar (House)
- 2026-02-03: Read first time (House)
- 2026-01-30: Reported from Appropriations (21-Y 0-N) (House)
- 2026-01-28: Subcommittee recommends reporting (3-Y 2-N) (House)
- 2026-01-26: Fiscal Impact Statement from Department of Planning and Budget (HB1227) (House)
- 2026-01-23: Assigned HAPP sub: Commerce Agriculture & Natural Resources (House)
- 2026-01-14: Referred to Committee on Appropriations (House)
- 2026-01-14: Prefiled and ordered printed; Offered 01-14-2026 26103260D (House)

## Bill text

- Chaptered, 2026-03-31: [HTML](https://lis.blob.core.windows.net/files/1214920.HTML), [PDF](https://lis.blob.core.windows.net/files/1214919.PDF)
- Enrolled, 2026-03-04: [HTML](https://lis.blob.core.windows.net/files/1191178.HTML), [PDF](https://lis.blob.core.windows.net/files/1191177.PDF)
- Introduced, 2026-01-14: [HTML](https://lis.blob.core.windows.net/files/1087828.HTML), [PDF](https://lis.blob.core.windows.net/files/1087827.PDF)

## Related bills

- HB5: Employment; paid sick leave, civil penalties. (signed)
- SB199: Employment; paid sick leave, civil penalties. (signed)
- HB95: Va. Residential Landlord and Tenant Act; landlord remedies, noncompliance with rental agreement. (signed)
- HB1393: Electric utilities; pilot program for energy assistance and weatherization for certain individuals. (signed)
- HB834: Virginia Residential Landlord and Tenant Act; fire or casualty damage, termination by landlord. (signed)
- HB675: Protection of employees; coercion or threat based on immigration status, civil penalty. (signed)

## Sources
- [Chaptered (HTML)](https://lis.blob.core.windows.net/files/1214920.HTML)
- [Chaptered (PDF)](https://lis.blob.core.windows.net/files/1214919.PDF)
- [Enrolled (HTML)](https://lis.blob.core.windows.net/files/1191178.HTML)
- [Enrolled (PDF)](https://lis.blob.core.windows.net/files/1191177.PDF)
- [Introduced (HTML)](https://lis.blob.core.windows.net/files/1087828.HTML)
- [Introduced (PDF)](https://lis.blob.core.windows.net/files/1087827.PDF)

## Related
- [HB5: Employment; paid sick leave, civil penalties.](https://policyrisk.com/state-bill/VA-HB5-2026)
- [SB199: Employment; paid sick leave, civil penalties.](https://policyrisk.com/state-bill/VA-SB199-2026)
- [HB95: Va. Residential Landlord and Tenant Act; landlord remedies, noncompliance with…](https://policyrisk.com/state-bill/VA-HB95-2026)
- [HB1393: Electric utilities; pilot program for energy assistance and weatherization for…](https://policyrisk.com/state-bill/VA-HB1393-2026)
- [HB834: Virginia Residential Landlord and Tenant Act; fire or casualty damage, terminat…](https://policyrisk.com/state-bill/VA-HB834-2026)
- [HB675: Protection of employees; coercion or threat based on immigration status, civil…](https://policyrisk.com/state-bill/VA-HB675-2026)
- [Virginia bills](https://policyrisk.com/states/virginia/bills)
- [Virginia state hub](https://policyrisk.com/states/virginia)
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Source: PRIA, https://policyrisk.com/state-bill/VA-HB1227-2026 (as of 2026-10-12).