Act No. 7754 — An Act authorizing the issuance of up to $250,000,000 in bonds, notes, or other evidences of indebtedness of the Government and the Virgin I
ACTNO, @754 BILL NO. 31-0073 THIRTY-FIRST LEGISLATURE OF THE VIRGIN ISLANDS Regular Session 2015 An Act authorizing the issuance of up to $250,000,000 in bonds, notes, or other evidences of indebtedness of the Government and the Virgin Islands Public Finance Authority, with amounts necessary to finance reserves and costs of bond issuance to finance pursuant to 23 U.S.C. §122 and Phases I and Phase II of the Melvin Evans Highway, and the Veteran’s Drive Projects, additional road projects on the island of St. Croix approved by the Department of Public Works and the Federal Highway Administration and other road projects approved by the Federal Highway Administration; and authorizing the Government and the Authority to execute certain agreements, pledge the Federal Highway Grant Revenues and other revenues as additional collateral as necessary to further secure and reduce the interest on the Bonds; to issue limited special obligation loan notes of the Government to secure repayment of such bonds, notes or other obligations and to take all other appropriate actions as necessary to carry o …
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