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Act No. 9068 — An act appropriating excess debt service reserve funds for certain capital projects in the territory and appropriating $2,000,000 from the S

Collection
Acts & Legislation
Entity
Legislature
Date
2025
Type
Act
Identifiers
Act 9068, Bill 36-0196

ACT NO.9 06 8 BILL NO. 36-0196 THIRTY-SIXTH LEGISLATURE OF THE VIRGIN ISLANDS Regular Session 2025 An act appropriating excess debt service reserve funds for certain capital projects in the territory and appropriating $2,000,000 from the St Thomas Capital Improvement Fund for the completion of the Leonardo Nardo Trotman Drive Expansion Project o--Q--- Be it enacted by the Legislature of the Virgin Islands: SECTION 1. The sum of $10,000,000, or so much of that sum as is necessary, is appropriated in the fiscal year ending September 30, 2026, from the excess funds contained in the Debt Service Reserve Fund established under the Indenture of Trust for the Gross Receipts Taxes Revenue Bonds issued by the Virgin Islands Public Finance Authority to the Virgin Islands Port Authority and the Department of Public Works for the following projects: (a) Virgin Islands Port Authority — 1. demolition of the Adelita Cancryn Junior High School - $2,000,000; 2. …

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Archive identifier LF-53acec30871f