§ 106. Authorization of issuance; security, tax exemption; terms and conditions; etc.
(a) By authority of the Government of the Virgin Islands under section 8(b)(i) of the Revised Organic Act of the Virgin Islands, as amended, which is hereby granted, the Authority may issue and sell bonds from time to time and have outstanding at any one time, exclusive of bonds issued solely for the purpose of […]
§ 107. Powers of Authority with respect to bonds
In any resolution or resolutions authorizing the issuance of bonds, the Authority may contract with the holders of the bonds to undertake and obligate itself of such commitments, as long as the bonds are outstanding and unpaid, as are deemed by the Board to be necessary and appropriate for the protection of the bondholders and […]
§ 103. Creation of Virgin Islands Water and Power Authority
(a) There is hereby created a body corporate and politic constituting a public corporation and autonomous governmental instrumentality of the Government of the Virgin Islands, by the name of the “Virgin Islands Water and Power Authority”, which shall be governed by a board consisting of nine persons, six of whom shall not be employees of […]
§ 104. Governing Board and other personnel of Authority.
(a) The powers of the Authority shall be exercised by a Governing Board consisting of the members of the Authority acting as a board. The Board shall meet and organize and, as soon as practicable, shall elect a Chairman and Vice Chairman from among its members, and appoint an Executive Director of the Authority who […]
§ 105. Powers of Authority
The Authority is created for the purpose of developing and utilizing and aiding in the development and utilization of adequate water and electric power systems for the people of the Virgin Islands, and any other service or facilities incidental or appropriate thereto, including the providing of services for wholesale advanced communications capabilities and services and […]
§ 101. Declarations of findings and policy
(a) An adequate supply of water and electric power is essential to the public welfare and the economic health of the Virgin Islands. (b) Acute, severe and chronic water and electric power supply problems afflict the Virgin Islands. (c) The inadequacy of existing water and electric power systems in the Virgin Islands constitutes a menace […]