Bill No. 36-0156 - An act providing an appropriation from the Business and Commercial Properties Revolving Fund to the Virgin Islands Department of Property and Procurement
COMMITTEE ON BUDGET, APPROPRIATIONS AND FINANCE 09/15/2025-REPORTED OUT TO THE FLOOR W/CLOSED RULE 09/11/2025-REPORTED OUT TO THE COMMITTEE ON RULES AND JUDICIARY BILL NO. 36-0156 Thirty-Sixth Legislature of the Virgin Islands September 10, 2025 An act providing an appropriation from the Business and Commercial Properties Revolving Fund to the Virgin Islands Department of Property and Procurement for operating expenses for the fiscal year October 1, 2025 through September 30, 2026 PROPOSED BY: Senators Milton E. Potter and Novelle E. Francis, Jr. Be it enacted by the Legislature of the Virgin Islands: 1 SECTION 1. …
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COMMITTEE ON BUDGET, APPROPRIATIONS AND FINANCE 09/15/2025-REPORTED OUT TO THE FLOOR W/CLOSED RULE 09/11/2025-REPORTED OUT TO THE COMMITTEE ON RULES AND JUDICIARY BILL NO. 36-0156 Thirty-Sixth Legislature of the Virgin Islands September 10, 2025 An act providing an appropriation from the Business and Commercial Properties Revolving Fund to the Virgin Islands Department of Property and Procurement for operating expenses for the fiscal year October 1, 2025 through September 30, 2026 PROPOSED BY: Senators Milton E. Potter and Novelle E. Francis, Jr. Be it enacted by the Legislature of the Virgin Islands: 1 SECTION 1. The following sum is appropriated from the Business and Commercial 2 Properties Revolving Fund for operating expenses, including wages of salaried employees of 3 the Virgin Islands Department of Property and Procurement and the Business and Commercial 4 Properties Administration for administering the Fund for the fiscal year October 1, 2025 through 5 September 30, 2026 as hereinafter specified: 6 6028 BUSINESS & COMMERCIAL PROPERTIES REVOLVING FUND FY2026 7 600 DEPARTMENT OF PROPERTY AND PROCUREMENT 8 TOTAL 600 DEPARTMENT OF PROPERTY AND PROCUREMENT $4,071,846 9 TOTAL 6028 BUSINESS & COMMERCIAL PROPERTIES REVOLVING FUND 10 $4,071,846 11 2 BILL SUMMARY 1 This bill appropriates $4,071,846 from the Business and Commercial Properties 2 Revolving Fund to the Virgin Islands Department of Property and Procurement for operating 3 expenses for the fiscal year October 1, 2025 through September 30, 2026. 4 BR25-0785/BUDGET/September 4, 2025 5