Act No. 8329 — An Act amending title 29 Virgin Islands Code, by adding a chapter 24, creating “The Matching Fund Securitization Corporation” to: (1) acquir
ACTNO, 8329 BILL NO. 33-0363 THIRTY-THIRD LEGISLATURE OF THE VIRGIN ISLANDS Special Session 2020 An Act amending title 29 Virgin Islands Code, by adding a chapter 24, creating “The Matching Fund Securitization Corporation” to: (1) acquire all of the Virgin Islands Government's right, title, and interest in the Matching Fund Receipts to be paid to or for the account of the Government by the United States Treasury during the Transfer Period and the Related Rights, (2) issue Matching Fund Securitization Bonds and the Residual Certificate in order to pay the purchase price therefor and as otherwise authorized under the act, and (3) direct the Secretary and the United States Department of Interior to pay the Matching Fund Receipts directly into the Deposit Account WHEREAS, the Legislature of the Virgin Islands (“Legislature”) previously authorized the issuance of bonds, notes, or other evidences of indebtedness (as hereinafter defined as the “Existing PFA Bonds”) of the Government of the Virgin Islands (the “Government”) and/or the Virgin Islands Public Finance Authority (“PFA”) to provid …
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