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.

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. Provides an approval procedure for the Legislature of the Virgin Islands with regard to any loan request made by the Governor.

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

Timeline

1. 28 April 1976

   Introduced

   Referred to House Committee on Interior and Insular Affairs.

   Source: IntroReferral

2. 28 April 1976

   Introduced

   Introduced in House

   Source: IntroReferral

3. 28 April 1976

   Introduced

   Introduced in House

   Source: IntroReferral

4. 30 April 1976

   Reported

   Reported to House from the Committee on Interior and Insular Affairs, H. Rept. 94-1080.

   Source: Committee

5. 30 April 1976

   Reported

   Reported to House from the Committee on Interior and Insular Affairs, H. Rept. 94-1080.

   Source: Committee

6. 3 May 1976

   Passed

   Measure passed House.

   Source: Floor

7. 3 May 1976

   Passed

   Passed/agreed to in House: Measure passed House.

   Source: Floor

8. 3 May 1976

   Floor

   Measure called up under motion to suspend rules and pass in House.

   Source: Floor

9. 4 May 1976

   Introduced

   Referred to Senate Committee on Interior and Insular Affairs.

   Source: IntroReferral

10. 30 June 1976

    Reported

    Reported to Senate from the Committee on Interior and Insular Affairs with amendment, S. Rept. 94-1021.

    Source: Committee

11. 30 June 1976

    Reported

    Reported to Senate from the Committee on Interior and Insular Affairs with amendment, S. Rept. 94-1021.

    Source: Committee

12. 26 July 1976

    Passed

    Passed/agreed to in Senate: Measure passed Senate, amended.

    Source: Floor

13. 26 July 1976

    Floor

    Call of calendar in Senate.

    Source: Floor

14. 10 August 1976

    Passed

    House agreed to Senate amendment.

    Source: ResolvingDifferences

15. 10 August 1976

    Passed

    Resolving differences -- House actions: House agreed to Senate amendment.

    Source: NotUsed

16. 11 August 1976

    Floor

    Measure presented to President.

    Source: Floor

17. 11 August 1976

    President

    Measure presented to President.

    Source: President

18. 11 August 1976

    President

    Measure enrolled in Senate.

    Source: President

19. 11 August 1976

    President

    Measure enrolled in House.

    Source: President

20. 19 August 1976

    President

    Public law 94-392.

    Source: President

21. 19 August 1976

    Became law

    Signed by President.

    Source: BecameLaw

22. 19 August 1976

    President

    Signed by President.

    Source: President

Votes

No vote records are attached yet.

Versions

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

Documents

3 official files

• Public Law (PDF)

  Public Law · EN · 20 August 1976

  ViewDownloadOpen at official source

• Reported to Senate with amendment(s)

  summary · EN · 30 June 1976

  Open at official source

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• Introduced in House

  summary · EN · 28 April 1976

  Open at official source

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Sponsors

• Del. de Lugo, Ron [D-VI-At Large] · D · Sponsor
• Rep. Burton, Phillip [D-CA-6] · D · Cosponsor
• Rep. Clausen, Don H. [R-CA-2] · R · Cosponsor
• Rep. Taylor, Roy A. [D-NC-11] · D · Cosponsor
• Rep. Meeds, Lloyd [D-WA-2] · D · Cosponsor
• Rep. Kastenmeier, Robert W. [D-WI-2] · D · Cosponsor
• Rep. Stephens, Robert G., Jr. [D-GA-10] · D · Cosponsor
• Rep. Mink, Patsy T. [D-HI-2] · D · Cosponsor
• Rep. Lagomarsino, Robert J. [R-CA-19] · R · Cosponsor
• Rep. Miller, George [D-CA-11] · D · Cosponsor
• Rescom. Benitez, Jamie [D-PR-At Large] · D · Cosponsor
• Del. Won Pat, Antonio B. [D-GU-At Large] · D · Cosponsor
• Rep. Eckhardt, Bob [D-TX-8] · D · Cosponsor
• Rep. Weaver, James H. [D-OR-4] · D · Cosponsor
• · sseg00 · Standing
• · hsii00 · Standing

Related records

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

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