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Federal law — U.S. Code and appendices · legal_authorities
This subchapter may be cited as the Organic Act of the Virgin Islands of the United States.
Source: Supplied U.S. Code snapshot — release unconfirmed · 48 U.S.C. § 1406m
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Source file: Laws/federal/codes/united-states-code/title-48/section-1406m-short-title--a8d021c5d8.md
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Source location: Title 48, Chapter 7, § 1406m; chapter-007-virgin-islands.md
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Federal law — U.S. Code and appendices · legal_authorities
The legislative assembly may authorize such authority, any provision of the Virgin Islands Organic Act [[48 U.S.C. 1405](https://uscode.house.gov/view.xhtml?req=granuleid:USC-prelim-title48-section1405&num=0&edition=prelim) et seq.] or any other Act of Congress to the contrary notwithstanding, to borrow money and to issue notes, bonds, and other obligations of such character and maturity, with such security, and in such manner as the legislative assembly may provide. Such notes, bonds, and other obligations shall not be a debt of the United States, or of the Virgin Islands or of any municipality or subdivision thereof, other than such authority, nor constitute “bonds and other obligations” within the meaning of sections 1403 to 1403b of this title, or a debt, indebtedness, or the borrowing of money within the meaning of any limitation or restriction on the issuance of notes, bonds, or other obligations contained in any laws of the United States applicable to the Virgin Islands or to any municipal corporation or other political subdivision or agency thereof.
Source: Supplied U.S. Code snapshot — release unconfirmed · 48 U.S.C. § 1408a
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Federal law — U.S. Code and appendices · legal_authorities
**(a) Scope of authority; limitation on enactments and taxation** The legislative authority and power of the Virgin Islands shall extend to all rightful subjects of legislation not inconsistent with this chapter or the laws of the United States made applicable to the Virgin Islands, but no law shall be enacted which would impair rights existing or arising by virtue of any treaty or international agreement entered into by the United States, nor shall the lands or other property of nonresidents be taxed at a higher rate than the lands or other property of residents. **(b) Government bonds; maximum amount; sale, interest, etc.** **(i)** The legislature of the government of the Virgin Islands may cause to be issued on behalf of said government bonds or other obligations for a public improvement or public undertaking authorized by an act of the legislature. Such bonds or obligations shall be payable solely from the revenues directly derived from and attributable to such public improvement, public undertaking, or other project. Bonds issued pursuant to paragraph (i) may bear such date or dates, may be in such denominations, may mature in such amounts and at such time or times, not exceeding thirty years from the date thereof, may be payable at such place or places, may carry such registration privileges as to either principal and interest, or principal only, and may be executed by such officers and in such manner as shall be prescribed by the government of the Virgin Islands. Said bonds may be redeemable (either with or without premium) or nonredeemable. In case any of the officers whose signatures appear on the bonds or coupons shall cease to be such officers before delivery of such bonds, such signature, whether manual or facsimile shall, nevertheless, be valid and suffic
Source: Supplied U.S. Code snapshot — release unconfirmed · 48 U.S.C. § 1574
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Federal law — U.S. Code and appendices · legal_authorities
Page 92 TITLE 48—TERRITORIES AND INSULAR POSSESSIONS § 1406g § 1406g. Repealed. Pub. L. 97–357, title III, § 307, Oct. 19, 1982, 96 Stat. 1709 Section, act June 22, 1936, ch. 699, § 34, 49 Stat. 1815, related to bill of rights of Virgin Islands. § 1406h. Taxes, duties and fees as funds for ben- efit of municipalities; appropriations All taxes, duties, fees, and public revenues col- lected in the municipality of Saint Croix shall be covered into the treasury of the Virgin Is- lands and held in account for said municipality and all taxes, duties, fees, and public revenues collected in the municipality of Saint Thomas and Saint John shall be covered into said treas- ury of the Virgin Islands and held in account for said municipality: Provided, That the proceeds of customs duties, less the cost of collection, and the proceeds of the United States income tax, and the proceeds of any taxes levied by the Con- gress on the inhabitants of the Virgin Islands, and all quarantine, passport, immigration, and naturalization fees collected in the Virgin Is- lands shall be covered into the treasury of the Virgin Islands and held in account for the re- spective municipalities, and shall be expended for the benefit and government of said munici- palities in accordance with the annual munic- ipal budgets. The Municipal Council of Saint Croix may make appropriations for the purposes of said municipality from, and to be paid out of, the funds credited to its account in the treasury of the Virgin Islands; and the Municipal Council of Saint Thomas and Saint John may make ap- propriations for the purposes of said munici- pality from, and to be paid out of, the funds credited to its account in said treasury. (June 22, 1936, ch. 699, § 35, 49 Stat. 1816.) § 1406i. Taxes
Source: Supplied 2024 U.S. Code historical extraction · 48 U.S.C. § 1406m
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