§ 1574a. Revenue bonds or other obligations
611 words·~3 min read·
/usc/title-48/section-1574aA research copy — for the controlling text, always check the official state or federal source. Not legal advice.
(a)Authorization for issuance; use of proceeds; legislative initiative and binding referendum vote In addition to the authority conferred by section 1574(b) of this title, the legislature of the government of the Virgin Islands is authorized to cause to be issued bonds or other obligations of such government in anticipation of revenues to be received under section 7652(b)(3) of title 26. The proceeds of such bonds or other obligations may be used for any purpose authorized by an act of the legislature. The legislature of the government of the Virgin Islands may initiate, by majority vote of the members, a binding referendum vote to approve or disapprove the amount of any such bond or other obligation and/or any purpose for which such bond or other obligation is authorized.
(b)Federal guarantee The legislature of the government of the Virgin Islands may provide, in connection with any issue of bonds or other obligations authorized to be issued under subsection
(a)the proceeds of which are to be used for public works or other capital projects, that a guarantee of such bonds or obligations by the United States should be applied for under section 1574b of this title.
(c)Limitations on issuance Except to the extent inconsistent with the provisions of this Act, the provisions of section 1574(b)(ii) of this title (other than the limitation contained in the proviso to the first sentence of subparagraph (A)) shall apply to bonds and other obligations authorized to be issued under subsection (a).
(Pub. L. 94–392, § 1, Aug. 19, 1976, 90 Stat. 1193; Pub. L. 105–83, title I, § 124(c), Nov. 14, 1997, 111 Stat. 1567; Pub. L. 106–84, § 1(b)(3), Oct. 28, 1999, 113 Stat. 1295.)
Connections10 cite this · traces to 5
Cited by 10 sections · top 6
U.S. Code
statutes-at-large
- Public Law 106–84To amend the Revised Organic Act of the Virgin Islands to provide for greater fiscal autonomy consistent with other United States jurisdictions, and for other purposes
- Public Law 105–82To designate the Marjory Stoneman Douglas Wilderness and the Ernest F
- Public Law 94–392To authorize the government of the Virgin Islands to issue bonds in anticipation of revenue receipts and to authorize the guarantee of such bonds by the United States under specified conditions, and for other purposes
Traces to 5 documents
12 references not yet in our index
- Pub. L. 94–392, § 1
- 90 Stat. 1193
- Pub. L. 105–83, title I, § 124(c)
- 111 Stat. 1567
- Pub. L. 106–84, § 1(b)(3)
- 113 Stat. 1295
- Pub. L. 94–392
- 68 Stat. 508
- Pub. L. 106–84
- Pub. L. 105–83
- Pub. L. 94–392, § 6
- 90 Stat. 1195
Citation graph
cites case law
§ 1574a
Revenue bonds or other obligations
U.S.C.×6
Stat.×4
Pub. L.Pub. L. 94–392, § 1
Stat.90 Stat. 1193
Pub. L.Pub. L. 105–83, title I, § 124(c)
Stat.111 Stat. 1567
Pub. L.Pub. L. 106–84, § 1(b)(3)
Cites 17 · showing 10Cited by 10 across 2 sources