Title 2, Legislature
10 chapters · 74 sections in this title.
2 V.I.C. § 18 Short title
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This chapter may be cited as “The Executive Budget Act”.
2 V.I.C. § 19 Statement of policy
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(1) It is the purpose of this act to establish a comprehensive system for program and financial management which furthers the capacity of the Governor and Legislature to plan and finance the services which they determine the Government of the United States Virgin Islands will pro…
2 V.I.C. § 20 Responsibilities of the Governor
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The governor shall direct the preparation and administration of the budget. He shall evaluate the long-range program plans, requested budgets and alternatives to department and agency policies and programs; and formulate, and recommend for consideration by the Legislature, a prop…
2 V.I.C. § 20a Legislative findings
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The Legislature of the Virgin Islands hereby finds and declares that in order for the Government of the United States Virgin Islands and other governmental units and authorities within the Virgin Islands to issue private activity bonds, the interest on which is exempt from U.S. f…
2 V.I.C. § 20b Definitions
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(a) For the purposes of this section and sections 20a and 20c of this chapter, unless the context requires otherwise, the following words shall have the meanings set forth in this section:(a) The term “Internal Revenue Code” shall mean the United States Internal Revenue Code of 1…
2 V.I.C. § 20c Authority to allocate private activity bond limitation
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The Governor is hereby granted authority pursuant to the provisions of section 146(e)(1) of the Internal Revenue Code to (i) allocate to the Government of the United States Virgin Islands annually the entire Private Activity Bond Limitation available to the Virgin Islands pursuan…
2 V.I.C. § 20d Revenue Estimating Conference
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(a) Short title. This Act may be cited as the “Revenue Estimating Conference Act”. (b) Definitions. As used in this section:(1) “Conference” means the Revenue Estimating Conference established by this Act.(2) “Principal” means a person designated in subsection (d) to be a princip…
2 V.I.C. § 21 Responsibilities of the Legislature
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(1) The Legislature shall:(1) Consider the program and financial plan recommended by the Governor, including proposed goals and policies, recommended budget, revenue proposals, and proposed long-range programs plans.(2) Adopt those programs and alternatives to the plan recommende…
2 V.I.C. § 22 Responsibilities of Director of the Office of Management and Budget
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(1) The Director of the Office of Management and Budget shall:(1) Assist the Governor in the preparation and explanation of the proposed comprehensive program and financial plan, including the coordination and analysis of department and agency program goals and objectives, progra…
2 V.I.C. § 23 Department program and financial plans
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(a) Each department, agency, board, commission, authority and instrumentality of the Government, except the Legislature and the courts, on the date and in the form and content prescribed by the Director of the Office of Management and Budget, shall prepare and forward to the Dire…
2 V.I.C. § 24 Governor's recommendation
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(a) The Governor shall formulate the program and financial plan to be recommended to the Legislature after considering the proposed program and financial plans, and other programs and alternatives that he deems appropriate. The plan shall include his recommended goals and policie…
2 V.I.C. § 25 Legislative review
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The Legislature shall consider the Governor's proposed comprehensive program and financial plan; evaluate alternatives to the Governor's recommendations; and determine the comprehensive program and financial plan to support the services to be provided the citizens of the Virgin I…
2 V.I.C. § 26 Program execution
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(a) Except as limited by policy decisions of the Governor, appropriations by the Legislature, and other provisions of law, the several departments and agencies of the Government shall have full authority for administering their program service assignments and shall be responsible…
2 V.I.C. § 27 Performance reporting
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(a) Each department and agency, other than the Legislature and the courts, shall submit a performance report to (i) the Director of the Office of Management and Budget and the Finance Committee of the Legislature on or before October 30, for preceding fiscal year and (ii) to the …
2 V.I.C. § 28 Executive Appropriation Act
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(a) The annual appropriation act to provide appropriations for salaries and expenditures of the Government of the United States Virgin Islands for each fiscal year beginning October 1 and ending September 30, shall be known as the “Executive Appropriation Act”. The Act shall incl…
2 V.I.C. § 29 Grant recipients; financial disclosure
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(a) Notwithstanding any other provision of law, all recipients of grants of funds from the Treasury of the Virgin Islands for whatever purpose, but excluding scholarship grants, shall submit to the Governor and the Committee on Finance of the Legislature within six (6) months fro…
2 V.I.C. § 30 Fiscal year established
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The fiscal year of the Government of the Virgin Islands shall commence October 1 and end September 30.
2 V.I.C. § 31 Effectiveness of appropriation
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An appropriation enacted with the words “such sums shall remain available until expended”, or similar language is effective for only five years after its enactment date, after which time the appropriation lapses automatically.