§ 30. Fiscal year established
The fiscal year of the Government of the Virgin Islands shall commence October 1 and end September 30.
§ 31. Effectiveness of appropriation
An appropriation enacted with the words “such sums shall remain available until expended”, or similar language is effective for only five years after its enactment date, after which time the appropriation lapses automatically.
§ 25. Legislative review
The Legislature shall consider the Governor’s proposed comprehensive program and financial plan; evaluate alternatives to the Governor’s recommendations; and determine the comprehensive program and financial plan to support the services to be provided the citizens of the Virgin Islands, provided, however, that in such determination authorized expenditures shall not exceed estimated receipts and surpluses.
§ 26. Program execution
(a) Except as limited by policy decisions of the Governor, appropriations by the Legislature, and other provisions of law, the several departments and agencies of the Government shall have full authority for administering their program service assignments and shall be responsible for their proper management. (b) Each department and agency, other than the Legislature and […]
§ 27. Performance reporting
(a) Each department and agency, other than the Legislature and the courts, shall submit a performance report to (i) the Director of the Office of Management and Budget and the Finance Committee of the Legislature on or before October 30, for preceding fiscal year and (ii) to the members of the Legislature on a quarterly […]
§ 28. Executive Appropriation Act
(a) The annual appropriation act to provide appropriations for salaries and expenditures of the Government of the United States Virgin Islands for each fiscal year beginning October 1 and ending September 30, shall be known as the “Executive Appropriation Act”. The Act shall include, as appropriations by the Legislature, amounts for programs and salaries to […]
§ 29. Grant recipients; financial disclosure
(a) Notwithstanding any other provision of law, all recipients of grants of funds from the Treasury of the Virgin Islands for whatever purpose, but excluding scholarship grants, shall submit to the Governor and the Committee on Finance of the Legislature within six (6) months from the effective date of said appropriation, or whenever at least […]
§ 20d. Revenue Estimating Conference
(a) Short title. This Act may be cited as the “Revenue Estimating Conference Act”. (b) Definitions. As used in this section: (1) “Conference” means the Revenue Estimating Conference established by this Act. (2) “Principal” means a person designated in subsection (d) to be a principal of the Conference. (c) A Revenue Estimating Conference shall be […]
§ 21. Responsibilities of the Legislature
The Legislature shall: (1) Consider the program and financial plan recommended by the Governor, including proposed goals and policies, recommended budget, revenue proposals, and proposed long-range programs plans. (2) Adopt those programs and alternatives to the plan recommended by the Governor that it deems appropriate. (3) Adopt legislation to authorize the implementation of a comprehensive […]
§ 22. Responsibilities of Director of the Office of Management and Budget
The Director of the Office of Management and Budget shall: (1) Assist the Governor in the preparation and explanation of the proposed comprehensive program and financial plan, including the coordination and analysis of department and agency program goals and objectives, program plans and program budget requests. (2) Develop information, communication and data processing systems needed […]