Act No. 7012 — An Act ratifying the Agreement, dated June 17, 2008, between Diageo USVI, Inc. and the Government of the United States Virgin Islands to exp
ACT NO, 7012 BILL NO. 27-0213 TWENTY-SEVENTH LEGISLATURE OF THE VIRGIN ISLANDS Special Session 2008 An Act ratifying the Agreement, dated June 17, 2008, between Diageo USVI, Inc. and the Government of the United States Virgin Islands to expand rum production in the Virgin Islands and to authorize the issuance of subordinated matching fund revenue bonds to finance, as a grant for the construction of a rum production facility on the island of St. Croix, the use of certain funds to be generated from cover over revenues received by the Government of the Virgin Islands from excise taxes collected on rum produced at the facility and sold in the United States of America and to provide for other related matters —-0-— WHEREAS, the Government of the Virgin Islands is committed to promoting the growth, development and diversification of the economy of the Virgin Islands, to benefiting the people of the Virgin Islands by developing to the fullest possible extent the human and economic resources available therein; to promoting capital investment for the economic development of the Virgin Islands, …
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