To help Puerto Rico and the Virgin Islands recover from devastation caused by Hurricane Hugo.

Summary

Deems Puerto Rico to be an insular area for purposes of Federal provisions relating to grant-in-aid programs, currently available to the Virgin Islands, Guam, American Samoa, the Trust Territory of the Pacific Islands, and the Government of the Northern Mariana Islands, where such treatment would facilitate recovery from damage in 1989 caused by Hurricane Hugo or economic or social development. Requires the Secretary of the Interior to guarantee for purchase by the Federal Financing Bank bonds or other obligations of the Government Development Bank of the Virgin Islands issued to provide for economic or social development or recovery from damage caused by Hugo. Authorizes the Federal Financing Bank to purchase, receive, or otherwise acquire such bonds and obligations. Authorizes appropriations to the Secretary of the Interior for technical assistance to the Virgin Islands, including funds for the development and maintenance of infrastructure and for economic development.

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2 official files

• Introduced in House (text)

  Introduced in House · EN

  ViewDownloadOpen at official source

• Introduced in House

  summary · EN · 14 November 1989

  Open at official source

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