Title 29 — Public Planning and Development
25 chapters · 546 sections in this title.
29 V.I.C. § 451 Declaration of findings and policy
1.6K chars
(a) To facilitate the improvement of community services and enhance the health and welfare of citizens of the Nation and of the Virgin Islands, and to obtain assistance in the form of loans and/or grants under the various Federal programs, especially the Public Facility Loans Pro…
29 V.I.C. § 452 Definitions
4.7K chars
(a) As used in this chapter, unless it is otherwise provided, or the context requires a different construction, application, or meaning—“Area of operation” means the total geographical area composing the Virgin Islands of the United States.“Authority” means the Virgin Islands Pub…
29 V.I.C. § 471 Virgin Islands Public Works Acceleration Authority
0.6K chars
There is hereby established the Virgin Islands Public Works Acceleration Authority as a public body corporate and politic of the Virgin Islands. The Authority shall constitute an instrumentality of the Government of the Virgin Islands within the sense and meaning of section 202(a…
29 V.I.C. § 472 Members of Authority; appointment and tenure; vacancies; removal; compensation and expenses
1.8K chars
(a) The powers, rights, privileges, functions and duties of the Authority shall be vested in seven members, not more than two of whom shall be at any time salaried officials or employees of the Government of the Virgin Islands or of the Government of the United States; provided, …
29 V.I.C. § 473 Chairman, Vice-Chairman and other personnel of the Authority
0.6K chars
The members shall collectively constitute the Board of Directors of the Authority. The Commissioner of Public Works shall serve as Chairman of the Board. A Vice-Chairman shall be selected by the Board from among its members to serve for a year, or until his successor is selected …
29 V.I.C. § 474 Quorum and majority
0.4K chars
Four members shall constitute a quorum of the Board of the Authority for the purpose of conducting the business of the Authority and exercising its powers, and for all other purposes notwithstanding the existence of any vacancies, except that a lesser number may adjourn. Unless t…
29 V.I.C. § 475 Powers and duties of the Authority
6.6K chars
(1) The Authority shall have all the powers necessary and convenient to carry out and perform the purposes and provisions of this chapter (except the power to levy and collect taxes and/or special assessments), including the following powers in addition to other powers granted in…
29 V.I.C. § 476 Participation in Federal programs
2.7K chars
(a) The Authority is empowered and authorized to participate in and exercise all powers conferred by the accelerated public works program of the Federal Government authorized by Public Law 87–658, as amended, the Public Facility Loans Program, as amended, and the Industrial Devel…
29 V.I.C. § 481 Issuance of bonds; terms and conditions generally
2.8K chars
(a) The Authority shall have the power to issue bonds from time to time in its discretion, for any of its corporate purposes. The Authority shall also have power to issue refunding bonds for the purpose of paying or retiring bonds previously issued by it. The Authority may issue …
29 V.I.C. § 482 Maturity of bonds; interest; sale; validity; actions involving bonds
1.6K chars
(a) Bonds of the Authority shall be authorized by its resolutions, may be issued in one or more series and shall be offered, awarded and executed in such manner, bear such date or dates, mature at such time or times, bear interest at such rate or rates, be in such denomination or…
29 V.I.C. § 483 Powers of Authority with respect to bonds or obligations
7.5K chars
(1) In connection with the issuance of bonds or the incurring of obligations, and in order to secure the payment of such bonds or obligations, the Authority, in addition to its other powers, may—(1) pledge all or any part of its gross or net rents, fees or revenues, to which its …
29 V.I.C. § 484 Rights of obligee
1.2K chars
(1) An obligee of the Authority, in addition to all other rights which may be conferred on such obligee, subject only to any contractual restrictions binding upon him, may by a civil action—(1) compel the Authority and the directors, officers, agents or employees thereof to perfo…
29 V.I.C. § 485 Conferment of additional rights upon obligee; receiver
1.6K chars
(1) The Authority may by its resolution, or by declaration of trust, trust indenture, mortgage, lease, or other contract confer upon any obligee holding or representing a specified amount in bonds, the right (in addition to all rights that may otherwise be conferred), upon the ha…
29 V.I.C. § 486 Investment of public or private funds in bonds or other obligations
2.3K chars
Notwithstanding any restrictions on investments contained in any laws of the Virgin Islands, the Virgin Islands, any political subdivision thereof, all public officers and other public bodies, all banks, bankers, trust companies, savings banks and institutions, building and loan …
29 V.I.C. § 487 Provisions permitted in contracts with Federal Government
1.1K chars
In any contract with the Federal Government for financial assistance to the Authority, the Authority may obligate itself (which obligation shall be specifically enforceable and shall not constitute a mortgage, notwithstanding any other laws) to convey to the Federal Government po…
29 V.I.C. § 488 Statutory pledge
0.7K chars
Any pledge made by the Authority shall be valid and binding from the time when the pledge is made. The money, assets or revenues of the Authority so pledged and thereafter received by the Authority shall immediately be subject to the lien of such pledge without any physical deliv…
29 V.I.C. § 491 Cooperation by Government
6.1K chars
(a) For the purposes of aiding and cooperating in the planning, undertaking, carrying-out, developing, constructing and operating of projects, and of enabling the Authority to qualify for participation in Federal programs in its authorized fields of activity, the Government of th…
29 V.I.C. § 492 Power to render assistance by taxes, appropriations, borrowing, bonds, etc
0.8K chars
Subject to the provisions of section 8(b) of the Revised Organic Act of the Virgin Islands, approved July 22, 1954, the Government of the Virgin Islands may levy taxes, appropriate funds, incur indebtedness and issue bonds for the purposes of procuring funds to be loaned, appropr…
29 V.I.C. § 493 Interest of directors and others in projects; duty to disclose; violation
1.4K chars
During his tenure and for one year thereafter, no director, officer or employee of the Authority shall voluntarily acquire any personal interest, direct or indirect, in any project or in any property included or planned to be included in any project, or in any contract or propose…