§ 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 […]
§ 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 […]
§ 23. Department program and financial plans
(a) Each department, agency, board, commission, authority and instrumentality of the Government, except the Legislature and the courts, on the date and in the form and content prescribed by the Director of the Office of Management and Budget, shall prepare and forward to the Director of the Office of Management and Budget the following program […]
§ 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 […]
§ 18. Short title
This chapter may be cited as “The Executive Budget Act”.