Act No. 8465 (34th Legislature) — An Act amending the Virgin Islands Code title 21, chapters 1, 2, 3A and 4; amending title 29 §§ 87, 191b, 191j and 945; amending title 33, c
ACTNO. 8465 BILL NO. 34-0060 THIRTY-FOURTH LEGISLATURE OF THE VIRGIN ISLANDS Regular Session 2021 An Act amending the Virgin Islands Code title 21, chapters 1, 2, 3A and 4; amending title 29 §§ 87, 191b, 191j and 945; amending title 33, chapter 7, § 130; and repealing title 21, chapter 1, § 4; and title 29 chapter 1, § 191f and § 191g to enact The First-Time Homebuyers Program Act; making an appropriation of $4,000,000 from the Internal Revenue Matching Fund to the Homestead and Home Loan Fund; and making a $2,000,000 appropriation from the Community Facility Trust Account to the Department of Public works to construct The Leonardo “Nardo” Trotman Drive an-Qee- Be it enacted by the Legislature of the Virgin Islands: SECTION 1. This act is known and may be cited as “The Virgin Islands First-Time Homebuyers Program Act.” SECTION 2. The Virgin Islands First-Time Homebuyers Program is established and is administered by the Virgin Islands Housing Finance Authority to comply with regulations established by the Authority pursuant to title 21 Virgin Islands Code § 6, § 6a and § 145. …
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