CHAPTER 38
An Act to amend and reenact § 15.2-5002 of the Code of Virginia, relating to private activity bonds; allocation of state ceiling.
[S 729]
Approved March 31, 2026
Be it enacted by the General Assembly of Virginia:
1. That § 15.2-5002 of the Code of Virginia is amended and reenacted as follows:
§ 15.2-5002 . Allocation of state ceiling for 2026 and beyond.
This section shall apply to all private activity bonds issued by issuing authorities during 2008 2026 and in years subsequent to 2008 2026 . The state ceiling for these calendar years shall be allocated as follows:
1. "Housing." For calendar years 2008 2026 and beyond, an amount equal to 57 67 percent of the Virginia state ceiling on private activity bonds shall be set aside for single family and multifamily housing bonds. The housing portion of the state ceiling shall be divided between local housing authorities and the Virginia Housing Development Authority. The bond authority allocated to these issuers shall be distributed as follows:
Issuer
Portion of State Ceiling