Act No. 9063 — An act amending title 29 Virgin Islands Code, chapter 23 to establish a wholly owned subsidiary of the Virgin Islands Public Finance Authori
ACT NO.9 06 3 BILL NO. 36-0216 THIRTY-SIXTH LEGISLATURE OF THE VIRGIN ISLANDS Regular Session 2025 An act amending title 29 Virgin Islands Code, chapter 23 to establish a wholly owned subsidiary of the Virgin Islands Public Finance Authority and require conditions for the issuance of tax-exempt bonds | Be it enacted by the Legislature of the Virgin Islands: SECTION 1. Title 29, Virgin Islands Code, chapter 23 is amended as follows: 1. In section 1303: (a) _ strike subsection (1) and insert the following new subsection (1): “(l) PFA means the Virgin Islands Public Finance Authority, itself or acting through the Virgin Islands Hotel Development Financing Corporation”; and (b) add the following new subsection (r): “(c) Virgin Islands Hotel Development Financing Corporation means a public corporation controlled by the Virgin Islands Public Finance Authority that shall have the same or similar rights and powers granted to the Virgin Islands Public Finance Authority under title 29 Virgin Islands Code, chapter 15 regarding the development, operation and financing of qualified hotels in the …
Download the original document · Browse the archive · How this archive works
Archive identifier LF-31bded2cfba7