An act approving the lease agreement between the Government of the Virgin Islands, acting through the Commissioner of the Department of Property and Procurement,
Sponsored By: Sponsor information unavailable
Signed by Governor
Your PRIA Score
Personalized for You
How does this bill affect your finances?
Sign up for a PRIA Policy Scan to see your personalized alignment score for this bill and every other piece of legislation we track. We analyze your financial profile against policy provisions to show you exactly what matters to your wallet.
Bill Overview
Analyzed Economic Effects
2 provisions identified: 1 benefits, 0 costs, 1 mixed.
Long lease opens St. Thomas business space
The law approves a long-term lease for two parcels at the Submarine Base in St. Thomas. Accent Property Management, LLC is the lessee. Parcel 123 is 39,240 square feet (about 0.90 acres), and Parcel 129 is 30,675 square feet (about 0.704 acres). The initial term is 30 years, with three 10-year renewal options. The lessee can develop the sites and rent space to subtenant businesses under an approved plan.
Lower startup rent, then $12,000 monthly
The initial annual rent is $144,000, paid as $12,000 each month. Startup rent is discounted: months 1–12 at $6,000 per month. Months 13–24 are $8,000 per month. Months 25–36 are $9,000 per month. Months 37–60 are $10,000 per month, or until construction and finances stabilize, whichever is earlier.
Free Policy Watch
You just read the policy. Now see what it costs you.
Pick a topic. PRIA runs your household against live legislation and sends you a free personalized readout.
Pick a topic to get started
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
3/26/2026legislatureTo Governor
3/20/2026legislatureFloor
3/18/2026legislatureIntroduced
10/27/2025legislature
Bill Text
Enacted Act
3/26/2026
Governor's Message
3/26/2026
Bill Text
10/27/2025
Related Bills
Lease 36-0098 — An act approving the lease agreement between the Government of the Virgin Islands, acting through the Commissioner of the Department of Property and Procurement,
Bill No. 36-0261 — An act establishing a 33-business day amnesty to assist taxpayers and businesses recovering from the aftermath of Hurricanes Irma and Maria and Tropical
Bill No. 36-0198 — An act amending Act No. 9035 by redesignating the funding source for several entities and correcting a typographical error and amending Act No. 9045 by
Bill No. 36-0219 — An act amending title 22 Virgin Islands Code, chapter 31 relating to the Virgin Islands Producer and Adjuster Licensing Act by modifying renewal provisions
Lease 36-0204 — An act approving a multi-year lease agreement between the Government of the Virgin Islands, acting through its Commissioner of the Department of Property
Bill No. 36-0271 — An act amending Official Zoning Map No. SCZ-20 for the island of St. Croix rezoning Plot Nos. 31- B, 32-B, 34-CA, 34-CAA, and 34-CB Strand Street, Christiansted
Take It Personal
Get Your Personalized Policy View
Take the PRIA Score to see how policy affects your household, then upgrade to PRIA Full Coverage for year-round monitoring.
Already have an account? Sign in