# Virginia SB729: Private activity bonds; allocation of state ceiling.

Virginia SB729, Private activity bonds; allocation of state ceiling., is a 2026 Regular Session Senate bill sponsored by Michael J. Jones (Democratic); status signed, last action 2026-03-31 (Acts of Assembly Chapter text (CHAP0038)); PRIA reads it as touching household money (as of 2026-10-12).

- Canonical: https://policyrisk.com/state-bill/VA-SB729-2026
- As of: 2026-10-12
- Plain-text twin of the page above; the HTML and this file carry the same facts.

## Facts
- Bill: Virginia SB729
- State: Virginia
- Session: 2026 Regular Session
- Title: Private activity bonds; allocation of state ceiling.
- Status: signed
- Chamber: Senate
- Introduced: 2026-01-19
- Last action: 2026-03-31, Acts of Assembly Chapter text (CHAP0038)
- Sponsor: Michael J. Jones (Democratic)
- Cosponsors: 0
- Touches household money: yes
- Roll calls: 9 (266 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 HB 1227.

## Bill overview: provisions PRIA read

- Less bond capacity for industrial projects: cost, medium. Starting in calendar year 2026, Virginia reserves 15% of its private activity bond limit for manufacturing and exempt-facility projects. That is down from 25%, and the smaller share continues in later years. In 2026, these allocations cannot exceed 25% of the state limit. Another 18% is reserved fo…
- More housing bond capacity, with a limit: mixed, medium. Starting in calendar year 2026, Virginia reserves 67% of its private activity bond limit for housing, up from 57%. Local housing authorities get 17% of the state limit; the Virginia Housing Development Authority gets 50%. A transition rule reduces the state housing authority’s 2026 share if manufac…

## Sponsors and cosponsors

- Sponsor: Michael J. Jones (Democratic), Senate

## Roll call votes

| Date | Chamber | Motion | Result | Yes | No | Other |
| --- | --- | --- | --- | --- | --- | --- |
| 2026-03-02 | House | Passed House | pass | 90 | 8 |   |
| 2026-02-25 | House | Reported from Appropriations | pass | 22 | 0 |   |
| 2026-02-16 | Senate | Engrossed by Senate Block Vote (Voice Vote) | pass | 0 | 0 |   |
| 2026-02-16 | Senate | Read third time and passed Senate Block Vote | pass | 39 | 0 |   |
| 2026-02-16 | Senate | Constitutional reading dispensed Block Vote (on 3rd reading) | pass | 39 | 0 |   |
| 2026-02-13 | Senate | Constitutional reading dispensed Block Vote (on 1st reading) | pass | 35 | 0 |   |
| 2026-02-12 | Senate | Reported from Finance and Appropriations | pass | 15 | 0 |   |
| 2026-02-03 | Senate | Continued to 2027 in Finance and Appropriations | pass | 15 | 0 |   |
| 2026-01-28 | Senate | Rereferred from General Laws and Technology to Finance and Appropriations | pass | 11 | 0 |   |

## Actions (32)

- 2026-03-31: Acts of Assembly Chapter text (CHAP0038) (Governor)
- 2026-03-31: Approved by Governor-Chapter 38 (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 (Senate)
- 2026-03-05: Fiscal Impact Statement from Department of Planning and Budget (SB729) (Senate)
- 2026-03-05: Bill text as passed Senate and House (SB729ER) (Senate)
- 2026-03-05: Enrolled (Senate)
- 2026-03-05: Signed by President (Senate)
- 2026-03-05: Signed by Speaker (House)
- 2026-03-02: Passed House (90-Y 8-N 0-A) (House)
- 2026-03-02: Read third time (House)
- 2026-03-02: Moved from Uncontested Calendar to Regular Calendar (House)
- 2026-02-27: Read second time (House)
- 2026-02-25: Reported from Appropriations (22-Y 0-N) (House)
- 2026-02-25: Assigned HAPP sub: Commerce Agriculture & Natural Resources (House)
- 2026-02-20: Read first time (House)
- 2026-02-20: Referred to Committee on Appropriations (House)
- 2026-02-20: Placed on Calendar (House)
- 2026-02-16: Read third time and passed Senate Block Vote (39-Y 0-N 0-A) (Senate)
- 2026-02-16: Constitutional reading dispensed Block Vote (on 3rd reading) (39-Y 0-N 0-A) (Senate)
- 2026-02-16: Engrossed by Senate Block Vote (Voice Vote) (Senate)
- 2026-02-16: Blank Action (Senate)
- 2026-02-16: Rules suspended (Senate)
- 2026-02-16: Read second time (Senate)
- 2026-02-13: Constitutional reading dispensed Block Vote (on 1st reading) (35-Y 0-N 0-A) (Senate)
- 2026-02-13: Passed by for the day (Senate)
- 2026-02-13: Rules suspended (Senate)
- 2026-02-12: Reported from Finance and Appropriations (15-Y 0-N) (Senate)
- 2026-01-28: Rereferred from General Laws and Technology to Finance and Appropriations (11-Y 0-N) (Senate)
- 2026-01-26: Fiscal Impact Statement from Department of Planning and Budget (SB729) (Senate)
- 2026-01-19: Referred to Committee on General Laws and Technology (Senate)
- 2026-01-19: Presented and ordered printed 26105459D (Senate)

## Bill text

- Chaptered, 2026-03-31: [HTML](https://lis.blob.core.windows.net/files/1214924.HTML), [PDF](https://lis.blob.core.windows.net/files/1214923.PDF)
- Enrolled, 2026-03-05: [HTML](https://lis.blob.core.windows.net/files/1191387.HTML), [PDF](https://lis.blob.core.windows.net/files/1191386.PDF)
- Introduced, 2026-01-19: [HTML](https://lis.blob.core.windows.net/files/1092190.HTML), [PDF](https://lis.blob.core.windows.net/files/1092189.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/1214924.HTML)
- [Chaptered (PDF)](https://lis.blob.core.windows.net/files/1214923.PDF)
- [Enrolled (HTML)](https://lis.blob.core.windows.net/files/1191387.HTML)
- [Enrolled (PDF)](https://lis.blob.core.windows.net/files/1191386.PDF)
- [Introduced (HTML)](https://lis.blob.core.windows.net/files/1092190.HTML)
- [Introduced (PDF)](https://lis.blob.core.windows.net/files/1092189.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)
- [All state legislation](https://policyrisk.com/state-bills)

Source: PRIA, https://policyrisk.com/state-bill/VA-SB729-2026 (as of 2026-10-12).