Logo

36th Legislature of United States Virgin Islands

Back

Legislature No. BR No. Bill No. Act No. Resolution No. Amendment No. Governor's No.
36 36-800

Bill No. 36-0238, specifically the operative provisions within Title 29, Virgin Islands Code, Chapter 23, relating to the allocation of net proceeds derived from the sale of hotel development projects financed through tax-exempt bonds - The purpose of this amendment is to revise the allocation of net proceeds derived from the sale of hotel development projects financed through tax-exempt bonds to ensure a balanced and strategic distribution of funds. Specifically, the amendment allocates seventy-five percent (75%) of the net proceeds to the Government Employees’ Retirement System of the Virgin Islands to support its long-term solvency and obligations to retirees, while directing twenty-five percent (25%) to the Government of the Virgin Islands for hospitals and healthcare services within the Territory

Introduced
Committee
Rules 04-23-2026
Floor Action
To Governor
Enacted
Vetoed
Overridden
Status Received Date Committee Description Document Links Voting Session
Received 04-22-2026   None
Assigned 04-22-2026   None
To Senator 04-23-2026   None
Rules 04-23-2026 Committee on Rules and Judiciary ADOPTED TO BILL NO. 36-0238 (26-0973)