Title 48, Territories and Insular PossessionsRelease 119-102
§1403a Expenditure of Bond Proceeds for Public Improvements
Title 48 › CHAPTER 7 — VIRGIN ISLANDS › SUBCHAPTER I — GENERAL PROVISIONS › § 1403a
Summary
Bond proceeds only fund the public improvements listed in this title or reduce the bond debt, unless Congress allows other uses.
Full Legal Text
Title 48, §1403a
Territories and Insular Possessions, Source: USLM XML via OLRC
The proceeds of the bond issues or other obligations herein authorized shall be expended only for the public improvements set forth in section 1403 of this title, or for the reduction of the debt created by such bond issue or obligation, unless otherwise authorized by the Congress.
Reference
Citations & Metadata
Citation
48 U.S.C. § 1403a
Title 48, Territories and Insular Possessions
Last Updated
Aug 21, 2026
Release point: 119-102