Act No. 7081
ACT NO, 7081 BILL NO. 28-0089 TWENTY-EIGHTH LEGISLATURE OF THE VIRGIN ISLANDS Special Session 2009 To authorize the issuance of bonds, notes or other evidences of indebtedness of the Government of the Virgin Islands (the “Government”) and/or the Virgin Islands Public Finance Authority (the “Authority”) in the aggregate amount of $87,000,000 for the purpose of: (i) providing funds to finance all or a portion of the costs of certain necessary public safety and other capital development projects listed in Section two (2) of this act (the “Capital Projects”); (ii) funding any necessary reserves; (iii) paying the costs of issuance of the 2009 Matching Fund Revenue Bonds and 2009 Loan Notes (each as defined below); (iv) paying accrued interest if any, on the 2009 Matching Fund Revenue Bonds from their dated date to the date of delivery thereof; (v) authorizing the Authority to enter into one or more Qualified Swap Agreements, as authorized under the Indenture (as defined below); and (vi) authorizing the Government and the Authority to enter into certain agreements, pledge the Matching Fund …
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