Bill No. 36-0273, Block II — Budget, Appropriations and Finance, June 8, 2026
COMMITTEE ON BUDGET, APPROPRIATIONS AND FINANCE BILL NO. 36-0273 Thirty-Sixth Legislature of the Virgin Islands March 13, 2026 An act amending Act No. 8465 redirecting the appropriation to the First-Time Homebuyers Program to the Williams Delight Community Homeownership Program and the VI Slice Homeownership Program PROPOSED BY: Senator Kurt A. Vialet Sponsor: Angel L. Bolques, Jr. Be it enacted by the Legislature of the Virgin Islands: 1 SECTION 1. Act No. 8465 is amended as follows: 2 (a) In section 14, designate the existing language as subsection (a) and insert the 3 following subsection (b): 4 “(b) The sums appropriated in subsection (a) shall be disbursed as follows: 5 (1) $265,000 to the Virgin Islands Housing Authority for the Williams 6 Delight Community Homeownership Program; and 7 (2) $3,735,000 to the Economic Development Authority for the VI Slice 8 Homeownership Program.” 9 (b) In section 15 strike “, for the purpose of 21 V.I.C. § 8 to establish The First-Time 10 Homebuyers Program”. 11 2 BILL SUMMARY 1 This bill amends Act No. …
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COMMITTEE ON BUDGET, APPROPRIATIONS AND FINANCE BILL NO. 36-0273 Thirty-Sixth Legislature of the Virgin Islands March 13, 2026 An act amending Act No. 8465 redirecting the appropriation to the First-Time Homebuyers Program to the Williams Delight Community Homeownership Program and the VI Slice Homeownership Program PROPOSED BY: Senator Kurt A. Vialet Sponsor: Angel L. Bolques, Jr. Be it enacted by the Legislature of the Virgin Islands: 1 SECTION 1. Act No. 8465 is amended as follows: 2 (a) In section 14, designate the existing language as subsection (a) and insert the 3 following subsection (b): 4 “(b) The sums appropriated in subsection (a) shall be disbursed as follows: 5 (1) $265,000 to the Virgin Islands Housing Authority for the Williams 6 Delight Community Homeownership Program; and 7 (2) $3,735,000 to the Economic Development Authority for the VI Slice 8 Homeownership Program.” 9 (b) In section 15 strike “, for the purpose of 21 V.I.C. § 8 to establish The First-Time 10 Homebuyers Program”. 11 2 BILL SUMMARY 1 This bill amends Act No. 8465, by re-directing the $4,000,000 appropriation to the First- 2 Time Homebuyers Program to (1) the Virgin Islands Housing Authority for the Williams 3 Delight Community Homeownership Program; and (2) the Economic Development Authority 4 for the VI Slice Homeownership Program. 5 BR26-1057/March 12, 2026/PFA 6