§ 1303. Definitions
As used in this chapter the following terms have the meaning set forth in this section: (a) “Agreement” means the agreement between the Government and a developer which sets forth the terms and conditions for assistance for Project development under this chapter. (b) “Authority” means the Virgin Islands Economic Development Authority established in section 1101 […]
§ 1302. Legislative findings
The Legislature finds and declares that: (a) The tourist, hotel and resort industry constitutes a major element of the Territorial economic structure; (b) Additional hotel accommodations and tourist facilities and services are essential to the further development of the Territory’s tourism industry; (c) Additional hotel accommodations and tourist facilities have a direct impact on the […]