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Act No. 6430 (24th Legislature)

Collection
Acts & Legislation
Entity
Legislature
Date
2001
Type
Act
Identifiers
Act 6430, Act 3924, Bill 24-0026

ACT NO.6430 BILL NO. 24-0026 TWENTY- FOURTH LEGISLATURE OF THE VIRGIN ISLANDS OF THE UNITED STATES Regular Session 2001 To amend title 3, chapter 27, section 715, Virgin Islands Code, by adding subsections (g) and (h) pertaining to the powers of the Government Employees System Board of Trustees ---0--- BE IT ENACTED by the Legislature of the Virgin Islands: SECTION 1. Title 3, section 715, Virgin Islands Code, is amended by adding a subsections (g) and (h) at the end thereof to read as follows: “(g) In addition to the powers conferred in this section, the Board is granted, shall have and may exercise all rights and powers necessary to carry out the following provisions; Q) To sell, exchange, transfer, assign, mortgage, pledge or otherwise dispose of, or encumber, any real or personal property, or any interest or estate in the property; provided that no provision of law with respect to the acquisition, operation or disposition of property by other public agencies shall be applicable to the system unless the Legislature shall specifically exempt or restrict property from this paragraph …

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