Virgin IslandsBill No. 36-036936th Legislature of the Virgin Islands (2025-2026)legislature

An act appropriating $20,000,000 from the Virgin Islands Insurance Guaranty Fund as a contribution to the General Fund of the Treasury of the Government

Sponsored By: Novelle E. Francis, Jr.

Enacted

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Bill Overview

Analyzed Economic Effects

1 provisions identified: 0 benefits, 0 costs, 1 mixed.

Virgin Islands shifts $20 million between funds

The law moves $20 million from the Virgin Islands Insurance Guaranty Fund to the government’s General Fund. This one-time transfer covers October 1, 2026, through September 30, 2027. It overrides any conflicting legal limits on the transfer. The General Fund gains money while the insurance fund loses the same amount. The law sets no specific spending purpose and creates no direct household benefit or cost.

Sponsors & Cosponsors

Sponsor

  • Novelle E. Francis, Jr.

    legislature

Cosponsors

  • Dwayne M. DeGraff

    legislature

  • Hubert L. Frederick

    legislature

  • Kurt A. Vialet

    legislature

  • Marise C. James

    legislature

  • Marvin A. Blyden

    legislature

  • Ray Fonseca

    legislature

Roll Call Votes

All Roll Calls

Yes: 14 • No: 0

legislature vote • 9/25/2026

Floor Action

Yes: 14 • No: 0 • Other: 1

Actions Timeline

  1. Enacted

    10/1/2026legislature
  2. To Governor

    9/28/2026legislature
  3. Floor

    9/25/2026legislature
  4. Rules

    9/23/2026legislature
  5. Introduced

    9/21/2026legislature

Bill Text

  • Enacted Act

    10/1/2026

  • Bill Text

    9/21/2026

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