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34th Legislature Applauds over $300 Million Community Disaster Loan Forgiveness - Legislature of the United States Virgin Islands Close About Us History Functions and Structure FY 2026 Budget Honor Roll Rules of the 36th Legislative Youth Advisory Council Application Careers Archives Legislative Archives Tours × St. Thomas Senators  St. John Senators  St.Croix Senators  Districts All Senators St. Croix St. Thomas - St. John Senator at Large × Committees Committee of the Whole Budget, Appropriation and Finance Culture, Youth, Aging, Sports, and Parks Disaster Recovery, Infrastructure and Planning Economic Development and Agriculture Education and Workforce Development Government Operations, Veteran Affairs and Consumer Protection Health, Hospitals and Human Services Homeland Security, Justice and Public Safety Housing, Transportation and Telecommunications Rules and Judiciary Session Folder × No event found! Calendars Bi-Weekly Senate Calendar Session Agenda × Dialog window Dialog window General Senators Committees Media Calendars Contact News | Press Releases 34th Legislature Applauds over $300 Million Community Disaster Loan Forgiveness Published: Oct 3, 2021 Search for: St. Thomas, USVI – The members of the 34th Legislature thanks Governor Albert Bryan, Jr. and Delegate Stacey E. Plaskett for their steady work and collaboration in working towards the forgiveness of the $300 million in Community Disaster Loans. “This will certainly prove beneficial as the Territory poised itself to be favorably looked at in the investor market. The elimination of this debt places the Territory to potentially see lower interest rates, which provides for greater opportunity for increased refunding bond capacity,” said Senate President Donna Frett-Gregory. “The Legislature, cognizant of the financial climate worked to ensure that the territory’s financial environment is looked at favorably by potential investors in the bond market, by passing a conservative balanced budget for FY22 and for the immediate past 4 years,” stated Senator Kurt A. Vialet, Chair of the Committee on Finance. The Legislature’s Subcommittee on GERS Restructuring, Solvency, and Economic Development has been in extensive discussions on addressing the insolvency of GERS, on which it is poised to move measures in collaboration with the Executive Branch, that we hope will be palatable to both branches, but most importantly, to the people of the Virgin Islands. “The CDL forgiveness is not only great news, but a wonderful example of the great things that can occur when we work together, and most importantly it is a win for everyone in the Virgin Islands,” concluded Frett-Gregory. Find More Search for: Categories News Observances Press Releases Special Events Related Content COMMITTEE REVIEWS FY 2027 EXECUTIVE BUDGET REQUESTS FOR GOVERNOR’S OFFICE, LIEUTENANT GOVERNOR’S OFFICE, AND BUREAU OF MOTOR VEHICLES July 23, 2026 ST. CROIX, U.S. VIRGIN ISLANDS – Members of the Committee on Budget, Appropriations, and Finance, chaired by Senator Novelle E. Francis Jr., met in the Frits E. Lawaetz Conference Room to receive testimony on the proposed Fiscal Year 2027 budgets for... Read More COMMITTEE RECEIVES UPDATES FROM WASTE MANAGEMENT CONCERNING SEWAGE HEALTH RISKS, CANCER CARE IN THE TERRITORY                                   July 22, 2026 ST. THOMAS, VI – The 36th Legislature of the Virgin Islands’ Committee on Health, Hospitals, and Human Services, led by Senator Ray Fonseca, met at the Earle B. Ottley Legislative Hall.  Lawmakers received testimony concerning the potential and observed public... Read More SENATORS CONSIDER PROPOSED HORSE RACE LEGISLATION IN SPECIAL SESSION  July 22, 2026 Members of the 36th Legislature, led by Senate President Milton E. Potter, convened at the Earle B. Ottley Legislative Hall. Lawmakers met in special session by request of the governor to consider Bill No. 36-0313, an act approving lease and franchise agreements for the development and operation of the Randall “Doc”... Read More Quick Links Home Senators Committees Media News Contact Important Links Revised Organic Act of 1954 (PDF) 36th Oath of Office Booklet 100 Day Report Rules of the 36th Public Information or Archives Request Search for: Follow Follow Follow Follow