An act amending title 29 Virgin Islands Code, chapter 10, subchapter III, section 551, subsection (a) by increasing the limit for outstanding bonds for
Sponsored By: Sponsor information unavailable
Signed by Governor
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Bill Overview
Analyzed Economic Effects
1 provisions identified: 0 benefits, 0 costs, 1 mixed.
Port Authority bond cap raised to $350 million
The law raises the Virgin Islands Port Authority’s cap on outstanding bonds from $100 million to $350 million. This lets the territory borrow more to finance ports and airports. The act adds no new funding or fees by itself. More borrowing can also raise future debt service costs that affect public budgets.
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Sponsors & Cosponsors
Sponsors
There is no primary sponsor on record.
Cosponsors
There are no cosponsors for this bill.
Roll Call Votes
No roll call votes available for this bill.
Actions Timeline
Enacted
4/28/2025legislatureTo Governor
4/16/2025legislatureFloor
4/14/2025legislatureRules
3/27/2025legislatureIntroduced
2/27/2025legislature
Bill Text
Enacted Act
4/28/2025
Amendment
4/14/2025
Bill Text
2/27/2025
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