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48 U.S.C. § 1574d — Repealed. Pub. L. 97–357, title III, § 308(g), Oct. 19, 1982, 96 Stat. 1710
Federal law — U.S. Code and appendices · legal_authorities
### Statutory Notes
Section, Pub. L. 94–392, § 4, Aug. 19, 1976, 90 Stat. 1195, related to grants to government of Virgin Islands for operation of such government and limitation on amount of such grants.
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Source file: Laws/federal/codes/united-states-code/title-48/section-1574d-repealed-pub-l-97357-title-iii-308-g-oct-19-1982-96-stat-1710--105785c840.md
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Source location: Title 48, Chapter 12, § 1574d; chapter-012-virgin-islands-1954.md
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### Statutory Notes
Section, Pub. L. 94–392, § 4, Aug. 19, 1976, 90 Stat. 1195, related to grants to government of Virgin Islands for operation of such government and limitation on amount of such grants.
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Federal law — U.S. Code and appendices · legal_authorities
Beginning as soon as the government of the Virgin Islands enacts legislation establishing a fiscal year commencing on October 1 and ending on September 30, the Secretary of the Treasury, prior to the commencement of any fiscal year, shall remit to the government of the Virgin Islands the amount of duties, taxes, and fees which the Governor of the Virgin Islands, with the concurrence of the government comptroller of the Virgin Islands, has estimated will be collected in or derived from the Virgin Islands under the Revised Organic Act of the Virgin Islands [[48 U.S.C. 1541](https://uscode.house.gov/view.xhtml?req=granuleid:USC-prelim-title48-section1541&num=0&edition=prelim) et seq.] during the next fiscal year, except for those sums covered directly upon collection into the treasury of the Virgin Islands. There shall be deducted from or added to the amounts so remitted, as may be appropriate, at the beginning of the fiscal year, the difference between the amount of duties, taxes, and fees actually collected during the prior fiscal year and the amount of such duties, taxes, and fees as estimated and remitted at the beginning of that prior fiscal year, including any deductions which may be required as a result of the operation of sections 1574a to 1574d 11 See References in Text note below. of this title.
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Federal law — U.S. Code and appendices · legal_authorities
Page 151
TITLE 48—TERRITORIES AND INSULAR POSSESSIONS
§ 1575
§ 1574c. Priority for payment of principal and in-
terest of revenue bonds or other obligations
Each issue of bonds or other obligations issued
under subsection (a) of section 1574a of this title
shall have a parity lien with every other issue of
bonds or other obligations issued for payment of
principal and interest out of revenues received
under section 7652(b)(3) of title 26, except that
issues guaranteed under section 1574b of this
title shall have priority, according to the date of
issue, over issues not so guaranteed and the rev-
enues received under section 7652(b)(3) of title 26
shall be pledged for the payment of such bonds
or other obligations.
(Pub. L. 94–392, § 3, Aug. 19, 1976, 90 Stat. 1195;
Pub. L. 105–83, title I, § 124(a), Nov. 14, 1997, 111
Stat. 1567.)
Editorial Notes
CODIFICATION
‘‘Section 7652(b)(3) of title 26’’ substituted in text for
‘‘section 28(b) of the Revised Organic Act of the Virgin
Islands [68 Stat. 508]’’, which was classified to section
3350(c) of former Title 26, Internal Revenue Code, on au-
thority of section 7852(b) of Title 26, Internal Revenue
Code, which provided that any reference in any other
law to a provision of the Internal Revenue Code of 1939
be deemed a reference to the corresponding provision of
the Internal Revenue Code of 1986.
Section was not enacted as part of the Revised Or-
ganic Act of the Virgin Islands which comprises this
chapter.
AMENDMENTS
1997—Pub. L. 105–83 substituted ‘‘a parity lien with
every other issue of bonds or other obligations issued
for payment’’ for ‘‘priority for payment’’ and struck
out ‘‘in the order of the date of issue’’ before ‘‘, except
that’’.
Statutory Notes and Related Subsidiaries
EFFECTIVE DA
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