To amend the Revised Organic Act of the Virgin Islands, and for other purposes.

Summary

Amends the Revised Organic Act of the Virgin Islands to authorize the laws of the Virgin Islands to define whether an absence from the Virgin Islands of either the Governor or the Lieutenant Governor while on official business is construed as a "temporary absence" involving a surrender of authority and power. Authorizes the Virgin Islands legislature to issue short-term notes in anticipation of the collection of taxes and revenues for the current year. Limits the principal amount of such notes to the anticipated taxes and revenues for such year. Amends a specified Act to revise bond priority guidelines to declare that Virgin Islands revenue bonds, instead of the current priority for payment in the order of the date of issue, shall have a parity lien with every other subsequently issued obligation. Virgin Islands Development Act of 1997 - Establishes the Commission on the Economic Future of the Virgin Islands to make recommendations to the President and the Congress on policies and actions for a secure and self-sustaining future for the local economy of the Virgin Islands through 2020, as well as on the Federal role in providing that future. Authorizes appropriations.

This text is taken from the official record. PoliticalRepo does not editorialize.

Timeline

No timeline events have been ingested for this record yet.

Votes

No vote records are attached yet.

Versions

No version snapshots stored. Document URLs remain at the source.

Documents

3 official files

• Introduced in House (text)

  Introduced in House · EN · 20 March 1997

  ViewDownloadOpen at official source

• Introduced in House (PDF)

  Introduced in House · EN · 20 March 1997

  ViewDownloadOpen at official source

• Introduced in House

  summary · EN · 20 March 1997

  Open at official source

Sponsors

No sponsors or actors listed by the source.

Related records

No cross-record relationships stored yet.