A bill to authorize loan funds for the Government of the Virgin Islands.

Summary

Authorizes the government of the Virgin Islands to levy a surtax on future income taxes payable to itself which will not exceed ten percent. Authorizes $15,000,000 in loan funds to be appropriated for the government of the Virgin Islands' operating expenses. Authorizes $61,000,000 to be appropriated for loans for the capital improvement program of the Virgin Islands. States the conditions for extension and repayment of such loans. Empowers the Secretary of the Interior to place stipulations on such loans as he deems necessary.

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

Timeline

1. 29 April 1976

   Introduced

   Referred to Senate Committee on Interior and Insular Affairs.

   Source: IntroReferral

2. 29 April 1976

   Introduced

   Introduced in Senate

   Source: IntroReferral

Votes

No vote records are attached yet.

Versions

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

Documents

1 official file

• Introduced in Senate

  summary · EN · 29 April 1976

  Open at official source

Sponsors

• Sen. Johnston, J. Bennett [D-LA] · D · Sponsor
• · sseg00 · Standing

Related records

• related to → An Act to 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.