Bill No. 36-0342 - An act amending title 21 Virgin Islands Code, chapter 1, section 16 by increasing the maximum loan amounts for home construction and home improvements
COMMITTEE ON BUDGET, APPROPRIATIONS AND FINANCE BILL NO. 36-0342 Thirty-Sixth Legislature of the Virgin Islands July 31, 2026 An act amending title 21 Virgin Islands Code, chapter 1, section 16 by increasing the maximum loan amounts for home construction and home improvements for veterans PROPOSED BY: Senator Marise C. James Be it enacted by the Legislature of the Virgin Islands: 1 SECTION 1. Title 21 Virgin Islands Code, chapter 1, section 16 is amended by striking 2 both occurrences of “$220,000” and inserting “$450,000” and striking “$40,000” and inserting 3 “$100,000”. 4 BILL SUMMARY 5 This bill amends title 21 Virgin Islands Code, chapter 1, section 16 by increasing the 6 maximum loan amounts for home construction and home improvements for veterans. 7 BR26-1168/July 1, 2026/GC 8
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COMMITTEE ON BUDGET, APPROPRIATIONS AND FINANCE BILL NO. 36-0342 Thirty-Sixth Legislature of the Virgin Islands July 31, 2026 An act amending title 21 Virgin Islands Code, chapter 1, section 16 by increasing the maximum loan amounts for home construction and home improvements for veterans PROPOSED BY: Senator Marise C. James Be it enacted by the Legislature of the Virgin Islands: 1 SECTION 1. Title 21 Virgin Islands Code, chapter 1, section 16 is amended by striking 2 both occurrences of “$220,000” and inserting “$450,000” and striking “$40,000” and inserting 3 “$100,000”. 4 BILL SUMMARY 5 This bill amends title 21 Virgin Islands Code, chapter 1, section 16 by increasing the 6 maximum loan amounts for home construction and home improvements for veterans. 7 BR26-1168/July 1, 2026/GC 8