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Act No. 7362 — An Act ratifying the Amendments to the October 6, 2009 Agreement between Cruzan VIRIL, Ltd., a wholly-owned subsidiary of Beam Global Spirit

Collection
Acts & Legislation
Entity
Legislature
Date
2012
Type
Act
Identifiers
Act 7127, Act 7362, Bill 29-0318

ACT NN 7362 BILL NO. 29-0318 TWENTY-NINTH LEGISLATURE OF THE VIRGIN ISLANDS Regular Session 2012 An Act ratifying the Amendments to the October 6, 2009 Agreement between Cruzan VIRIL, Ltd., a wholly-owned subsidiary of Beam Global Spirits and Wine, Inc. and the Government of the Virgin Islands dated March 22, 2012 which modifies the Support Level for Cruzan VIRIL, Ltd.’s Rum’s Bulk Rum Sales from 18 percent to 25 percent ---0--- Be it enacted by the Legislature of the Virgin Islands: WHEREAS, Cruzan VIRIL, Ltd. A wholly-owned subsidiary of Bean Spirits and Wine, Inc. (now ”Beam Inc.” or Beam) and the Government of the Virgin Islands (the Government), on October 6, 2009, entered into a long-term public-private relationship to promote the growth, development and diversification of the economy of the United States Virgin Islands; WHEREAS, on October 30, 2009, Act No. 7127 was enacted ratifying the October 6, 2009 agreement between Cruzan VIRIL, Ltd. …

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