Act No. 8393 (33rd Legislature) — An Act amending Act No. 8310, relating to the Governor’s authority to borrow monies from public funds of the Virgin Islands to offset cash f
ACTNO. 8393 BILL NO. 33-0448 THIRTY-THIRD LEGISLATURE OF THE VIRGIN ISLANDS Special Session 2020 An Act amending Act No. 8310, relating to the Governor’s authority to borrow monies from public funds of the Virgin Islands to offset cash flow problems caused by shortfalls in the collection of revenues resulting from the COVID-19 Pandemic and to create working capital, avoid layoffs of Government Employees, pay essential obligations and meet the operating expenses of the Government, to change the fiscal year for the Governor’s borrowing of funds from Fiscal Year 2020 to Fiscal Year 2021; and for other related purposes —-0--- Be it enacted by the Legislature of the Virgin Islands: SECTION 1. Act No. 8310 is amended as follows: (a) In Section 1, subsection (a) by striking the period (.) before “as amended” and inserting after the § symbol “1574,”. (b) In Section 2, in the first sentence by striking “2020” and inserting “2021” in its place; and in the second sentence by striking “FY 2020 and”, and by striking “2019” and inserting “2020” in its place. …
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Archive identifier LF-b6f42622cb93