§ 24. Governor’s recommendation
(a) The Governor shall formulate the program and financial plan to be recommended to the Legislature after considering the proposed program and financial plans, and other programs and alternatives that he deems appropriate. The plan shall include his recommended goals and policies, recommended plans to implement the goals and policies, recommended budget for the succeeding […]
§ 19. Statement of policy
It is the purpose of this act to establish a comprehensive system for program and financial management which furthers the capacity of the Governor and Legislature to plan and finance the services which they determine the Government of the United States Virgin Islands will provide for its citizens. Communication, information and data processing procedures and […]
§ 20. Responsibilities of the Governor
The governor shall direct the preparation and administration of the budget. He shall evaluate the long-range program plans, requested budgets and alternatives to department and agency policies and programs; and formulate, and recommend for consideration by the Legislature, a proposed comprehensive program and financial plan which shall cover all estimated receipts and expenditures of the […]
§ 20a. Legislative findings
The Legislature of the Virgin Islands hereby finds and declares that in order for the Government of the United States Virgin Islands and other governmental units and authorities within the Virgin Islands to issue private activity bonds, the interest on which is exempt from U.S. federal income tax under the provisions of section 103 of […]
§ 20b. Definitions
For the purposes of this section and sections 20a and 20c of this chapter, unless the context requires otherwise, the following words shall have the meanings set forth in this section: (a) The term “Internal Revenue Code” shall mean the United States Internal Revenue Code of 1986, as amended. (b) The term “private activity bond” […]
§ 20c. Authority to allocate private activity bond limitation
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 […]
§ 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 […]
§ 18. Short title
This chapter may be cited as “The Executive Budget Act”.