Home > 106th Congressional Bills > H.R. 2841 (enr) To amend the Revised Organic Act of the Virgin Islands to provide for greater fiscal autonomy consistent with other United States jurisdictions, and for other purposes. [Enrolled bill] ...

H.R. 2841 (enr) To amend the Revised Organic Act of the Virgin Islands to provide for greater fiscal autonomy consistent with other United States jurisdictions, and for other purposes. [Enrolled bill] ...


Google
 
Web GovRecords.org


106th CONGRESS

  1st Session

                               H. R. 2841

_______________________________________________________________________

                                 AN ACT

 To amend the Revised Organic Act of the Virgin Islands to provide for 
      greater fiscal autonomy consistent with other United States 
                 jurisdictions, and for other purposes.
  
  
  
  
  
  
  
  
  
  
  
  
  
  
  
  
  
  
  
  
  
  
  
  
  
  
  
  
106th CONGRESS
  1st Session
                                H. R. 2841

_______________________________________________________________________

                                 AN ACT


 
 To amend the Revised Organic Act of the Virgin Islands to provide for 
      greater fiscal autonomy consistent with other United States 
                 jurisdictions, and for other purposes.

    Be it enacted by the Senate and House of Representatives of the 
United States of America in Congress assembled,

SECTION 1. GREATER FISCAL AUTONOMY.

    (a) Issuance.--Section 8(b)(ii)(A) of the Revised Organic Act of 
the Virgin Islands (48 U.S.C. 1574(b)(ii)(A)) is amended--
            (1) in the first sentence, by inserting after ``other 
        evidence of indebtedness'' the following: ``, including but not 
        limited to notes in anticipation of the collection of taxes or 
        revenues, '';
            (2) by striking ``to construct, improve, extend'' and all 
        that follows through ``Provided, That no public'' and inserting 
        ``for any public purpose authorized by the legislature: 
        Provided, That no such''; and
            (3) by striking ``and payable semiannually. All such bonds 
        shall be sold for not less than the principal amount thereof 
        plus accrued interest''.
    (b) Technical Corrections and Conforming Amendments.--
            (1) Repeal.--Section 8(b)(ii)(B) of the Revised Organic Act 
        of the Virgin Islands (48 U.S.C. 1574(b)(ii)(B)) is repealed.
            (2) Redesignation.--Section 8(b)(ii)(C) of the Revised 
        Organic Act of the Virgin Islands (48 U.S.C. 1574(b)(ii)(C)) is 
        redesignated as section 8(b)(ii)(B).
            (3) Redundant provision.--Section 1 of Public Law 94-392 
        (90 Stat. 1193) is amended by striking subsection (d).

SEC. 2. AGREEMENT.

    (a) In General.--The Secretary of the Interior is authorized to 
enter into an agreement with the Governor of the Virgin Islands 
establishing mutually agreed financial accountability and performance 
standards for the fiscal operations of the Government of the Virgin 
Islands.
    (b) Transmission to Congress.--Upon ratification of the agreement 
authorized in subsection (a) by both parties, the Secretary shall 
forward a copy of the agreement to the Committee on Resources in the 
House of Representatives and the Committee on Energy and Natural 
Resources in the Senate.

SEC. 3. EFFECTIVE DATES.

    (a) In General.--Except as provided by subsection (b), the 
amendments made by section 1 shall apply to those instruments of 
indebtedness issued by the Government of the Virgin Islands after the 
date of the enactment of this Act.
    (b) Effect of Failure To Reach Agreement.--If the agreement 
authorized in section 2(a) is not ratified by both parties on or before 
December 31, 1999, the amendments made by section 1--
            (A) shall not apply to instruments of indebtedness issued 
        by the Government of the Virgin Islands on or after December 
        31, 1999; and
            (B) shall continue to apply to those instruments of 
        indebtedness issued by the Government of the Virgin Islands 
        after the date of the enactment of this Act and before December 
        31, 1999.

SEC. 4. CONSTRUCTION.

    These amendments to the Revised Organic Act of the Virgin Islands 
are not intended to modify the internal revenue laws. Thus, the bonds 
authorized by this bill must comply with subsection (c) of section 149 
of the Internal Revenue Code of 1986 (which requires the new bonds 
comply with the appropriate requirements of the Internal Revenue Code).

            Passed the House of Representatives September 27, 1999.

            Attest:

                                                                 Clerk.

Pages: 1

Other Popular 106th Congressional Bills Documents:

1 H.R. 1445 (ih) To promote research into, and the development of an ultimate cure for, the disease known as fragile X. [Introduced in House] ...
2 H.R. 5681 (ih) Regarding the use of the trust land and resources of the Confederated Tribes of the Warm Springs Reservation of Oregon. [Introduced in House] ...
3 S. 2683 (is) To deauthorize a portion of the project for navigation, Kennebunk River, Maine. [Introduced in Senate] ...
4 S.Con.Res. 129 (enr) [Enrolled bill] ...
5 H.R. 633 (ih) To provide for investment in broad-based private equities indices of [Introduced in House] ...
6 H.R. 2591 (rs) To designate the United States Post Office located at 713 Elm Street in Wakefield, Kansas, as the ``William H. Avery Post Office''. [Reported in Senate] ...
7 H.J.Res. 122 (enr) Making further continuing appropriations for the fiscal year 2001, and for other purposes. [Enrolled bill] ...
8 H.R. 1444 (eh) To authorize the Secretary of the Interior to plan, design, and [Engrossed in House] ...
9 S. 352 (is) To amend the National Environmental Policy Act of 1969 to require that Federal agencies consult with State agencies and county and local governments on environmental impact statements. [Introduced in Senate] ...
10 H.R. 3536 (ih) To provide for a study regarding the potential health effects of [Introduced in House] ...
11 S. 1606 (es) To extend for 9 additional months the period for which chapter 12 of title 11, United States Code, is reenacted. [Engrossed in Senate] ...
12 S. 2719 (es) To provide for business development and trade promotion for Native Americans, and for other purposes. [Engrossed in Senate] ...
13 S. 2064 (is) To amend the Missing Children's Assistance Act, to expand the purpose of the National Center for Missing and Exploited Children to cover individuals who are at least 18 but have not yet attained the age of 22. [Introduced in Senate] %%Filenam...
14 H.Res. 498 (ih) Supporting the Million Mom March. [Introduced in House] ...
15 S. 1387 (pcs) To extend certain trade preferences to sub-Saharan African countries. [Placed on Calendar Senate] ...
16 S. 3102 (is) To require the written consent of a parent of an unemancipated minor prior to the referral of such minor for abortion services. [Introduced in Senate] ...
17 S.Con.Res. 118 (es) [Engrossed in Senate] ...
18 S.Res. 205 (is) Designating the week of each November in which the holiday of Thanksgiving is observed as ``National Family Week''. [Introduced in Senate] ...
19 S. 1089 (is) To authorize appropriations for fiscal years 2000 and 2001 for the United States Coast Guard, and for other purposes. [Introduced in Senate] ...
20 S. 3082 (is) To amend title XVIII of the Social Security Act to improve the manner in which new medical technologies are made available to Medicare beneficiaries under the Medicare Program, and for other purposes. [Introduced in Senate] ...
21 H.R. 106 (ih) To amend the Internal Revenue Code of 1986 to eliminate the tax on the net capital gain of taxpayers other than corporations. [Introduced in House] ...
22 S. 1654 (is) To protect the coast of Florida. [Introduced in Senate] ...
23 H.R. 3257 (ih) To amend the Congressional Budget Act of 1974 to assist the Congressional Budget Office with the scoring of State and local mandates. [Introduced in House] ...
24 H.R. 3880 (ih) To increase the amount of student loans that may be forgiven for service as a teacher in a school with a high concentration of low- income students. [Introduced in House] ...
25 H.R. 1522 (ih) To safeguard communities, lives, and property from catastrophic [Introduced in House] ...
26 S.Con.Res. 122 (es) [Engrossed in Senate] ...
27 H.R. 4884 (ih) To redesignate the facility of the United States Postal Service located at 200 West 2nd Street in Royal Oak, Michigan, as the ``William S. Broomfield Post Office Building''. [Introduced in House] ...
28 H.Con.Res. 364 (ih) Calling for the immediate release of Mr. Edmond Pope from prison in Russia for humanitarian reasons, and for other purposes. [Introduced in House] ...
29 S. 1967 (enr) To make technical corrections to the status of certain land held in trust for the Mississippi Band of Choctaw Indians, to take certain land into trust for that Band, and for other purposes. [Enrolled bill] ...
30 H.R. 4034 (rh) To reauthorize the United States Patent and Trademark Office. [Reported in House] ...


Other Documents:

106th Congressional Bills Records and Documents

GovRecords.org presents information on various agencies of the United States Government. Even though all information is believed to be credible and accurate, no guarantees are made on the complete accuracy of our government records archive. Care should be taken to verify the information presented by responsible parties. Please see our reference page for congressional, presidential, and judicial branch contact information. GovRecords.org values visitor privacy. Please see the privacy page for more information.
House Rules:

104th House Rules
105th House Rules
106th House Rules

Congressional Bills:

104th Congressional Bills
105th Congressional Bills
106th Congressional Bills
107th Congressional Bills
108th Congressional Bills

Supreme Court Decisions

Supreme Court Decisions

Additional

1995 Privacy Act Documents
1997 Privacy Act Documents
1994 Unified Agenda
2004 Unified Agenda

Congressional Documents:

104th Congressional Documents
105th Congressional Documents
106th Congressional Documents
107th Congressional Documents
108th Congressional Documents

Congressional Directory:

105th Congressional Directory
106th Congressional Directory
107th Congressional Directory
108th Congressional Directory

Public Laws:

104th Congressional Public Laws
105th Congressional Public Laws
106th Congressional Public Laws
107th Congressional Public Laws
108th Congressional Public Laws

Presidential Records

1994 Presidential Documents
1995 Presidential Documents
1996 Presidential Documents
1997 Presidential Documents
1998 Presidential Documents
1999 Presidential Documents
2000 Presidential Documents
2001 Presidential Documents
2002 Presidential Documents
2003 Presidential Documents
2004 Presidential Documents

Home Executive Judicial Legislative Additional Reference About Privacy