Act No. 7617 — An Act providing the Governor of the Virgin Islands authority to provide additional support to Cruzan VIRIL, Ltd. to ensure a level playing
ACTNO, 7617 BILL NO. 30-0423 THIRTIETH LEGISLATURE OF THE VIRGIN ISLANDS Regular Session 2014 An Act providing the Governor of the Virgin Islands authority to provide additional support to Cruzan VIRIL, Ltd. to ensure a level playing field with rum producers in Puerto Rico —-0--- WHEREAS, the Government of the United States Virgin Islands (“Government”) entered into an agreement with Cruzan VIRIL, Ltd (*CRUZAN”) on October 6, 2009 (the “2009 Cruzan Agreement”) to strengthen and develop the rum production industry in the U.S. Virgin Islands by incentivizing and facilitating the growth of Cruzan’s rum sales in the United States; and WHEREAS, the 2009 Cruzan Agreement provided that the Government shall make certain production, molasses subsidy and marketing support payments (“Support Payments”) to Cruzan based on a percentage of annual gross federal excise tax receipts attributable to U.S. …
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