(a) The Bureau of Economic Research, previously placed under the Office of Management and Budget by Act 8121, is transferred and re-established within the Office of the Governor. The Bureau of Economic Research is administered by a Director appointed by the Governor.
(b) The Bureau of Economic Research shall:(1) Produce routine statistical reports on the socioeconomic indicators and the economy of the Virgin Islands and conduct activities related to formulation of Territory’s Gross Domestic Product or Gross Territorial Product;(2) Provide data for Government agencies to use for operational planning, federal grant applications, bond issues, database development, impact analysis, and forecasting;(3) Provide assistance in the areas of economic development planning, financing, special project and information management;(4) Serve as liaison to the U.S. Department of Commerce Bureau of Economic Analysis;(5) Serve as the Territory’s lead entity for collaborating with the United States Census Bureau in the conduct of the Virgin Islands Economic Census, and the Economic Development Administration in its efforts to foster economic development;(6) Produce an annual report to the Governor and the Legislature outlining the status of the economy in the Virgin Islands with regards to economic health, activity, and trends; and(7) Perform such other duties as may be assigned by and as may be required by law.
(1) Produce routine statistical reports on the socioeconomic indicators and the economy of the Virgin Islands and conduct activities related to formulation of Territory’s Gross Domestic Product or Gross Territorial Product;
(2) Provide data for Government agencies to use for operational planning, federal grant applications, bond issues, database development, impact analysis, and forecasting;
(3) Provide assistance in the areas of economic development planning, financing, special project and information management;
(4) Serve as liaison to the U.S. Department of Commerce Bureau of Economic Analysis;
(5) Serve as the Territory’s lead entity for collaborating with the United States Census Bureau in the conduct of the Virgin Islands Economic Census, and the Economic Development Administration in its efforts to foster economic development;
(6) Produce an annual report to the Governor and the Legislature outlining the status of the economy in the Virgin Islands with regards to economic health, activity, and trends; and
(7) Perform such other duties as may be assigned by and as may be required by law.
(c) Subject to any conditions and limitations prescribed by law, the Bureau of Economic Research shall have the right of access for statistical purposes to administrative records held by public authorities.
(d) The Bureau of Economic Research shall treat all individual information relating to individual persons as strictly confidential and shall use the information solely for statistical purposes.
(e) The Bureau of Economic Research shall treat all specifically identified business entities’ economic data as strictly confidential and shall use the information solely for statistical purposes.