25 chapters · 529 sections in this title.
29 V.I.C. § 1200 Short title
29 V.I.C. § 1201 Definitions
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(a) For the purposes of this chapter, the term:(a) “Assessor” means the Tax Assessor, or such other person or office responsible for assessing the value of real property.(b) “Authority” means the Virgin Islands Economic Development Authority established under chapter 21 of title …
29 V.I.C. § 1202 Parameters of TIF Program
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(a) The TIF Program:(1) may use tax incremental financing for the financing of capital improvements in areas where a finding has been made by the Authority, and approved by the Legislature where the need for tax increment financing has been documented to be significant in enhanci…
29 V.I.C. § 1203 Powers of the Authority
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(a) The Authority has the following powers with respect to tax increment financing:(1) To make and execute contracts, and all other instruments desirable, convenient or necessary for the exercise of its powers and functions under this chapter, including agreements with note holde…
29 V.I.C. § 1203a Powers of the PFA
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(i) The PFA have the following powers with respect to tax increment financing:(i) To make contracts, incur liabilities, borrow money at such rates of interest, maturities and on such other terms and conditions as the PFA, in consultation with the Authority, may determine, issue i…