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.
Higher borrowing cap for Virgin Islands Port Authority
The law raises the Virgin Islands Port Authority’s limit on outstanding bonds from $100 million to $350 million. The authority can now carry up to $350 million in bonds at one time. This expands its ability to finance port projects, but it also increases potential public debt and interest costs. The law does not itself fund projects or change taxes or fees.
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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