The Governor is hereby granted authority pursuant to the provisions of section 146(e)(1) of the Internal Revenue Code to (i) allocate to the Government of the United States Virgin Islands annually the entire Private Activity Bond Limitation available to the Virgin Islands pursuant to the provisions of section 146 of the Internal Revenue Code and (ii) establish by executive order the annual allocations of the Private Activity Bond Volume Limitation for the Government of the United States Virgin Islands and other governmental units and authorities within the Virgin Islands having authority to issue Private Activity Bonds.
