Commonwealth of Virginia Virginia General Obligation Bonds Virginia College Building Authority Bonds Virginia Public School Authority Bonds
Established in
1981
Bond Ratings
Aa1/AA+/AA+
Bonds Outstanding (as of 6/30/2018)
$2.664 billion

About The Virginia Public Building Authority

The Virginia Public Building Authority (the "Authority" or the "VPBA") provides financing for State projects, facilities and obligations including the Commonwealth's share of the cost of jail and juvenile detention projects. The Authority may only undertake projects approved by the General Assembly.

The VPBA is a political subdivision of the Commonwealth of Virginia, authorized to issue bonds under the Virginia Public Building Authority Act of 1981 (the "Act"). The Authority was created by the Act for the purpose of financing, refinancing, constructing, improving, furnishing, maintaining, acquiring and operating public buildings for the use of the Commonwealth; and financing or refinancing capital projects that benefit the Commonwealth and any of its agencies, instrumentalities and political subdivisions.