PUBLIC LAW 106-84—OCT. 28, 1999 113 STAT. 1295 Public Law 106-84 106th Congress An Act Oct. 28, 1999 [H.R. 2841] To amend the Revised Organic Act of the Virgin Islands to provide for greater fiscal autonomy consistent with other United States jurisdictions, aind for other purposes. Be it enacted by the Senate and House of Representatives of the United States of America in Congress assembled, SECTION 1. GREATER FISCAL AUTONOMY. (a) ISSUANCE.—Section 8(b)(ii)(A) of the Revised Organic Act of the Virgin Islands (48 U.S.C. 1574(b)(ii)(A)) is amended— (1) in the first sentence, by inserting after "other evidence of indebtedness" the following: ", including but not limited to notes in anticipation of the collection of taxes or revenues, (2) by striking "to construct, improve, extend" and all that follows through "Provided, That no public" and inserting "for any public purpose authorized by the legislature: Provided, That no such"; and (3) by striking "and payable semiannually. All such bonds shall be sold for not less than the principal amount thereof plus accrued interest". (b) TECHNICAL CORRECTIONS AND CONFORMING AMENDMENTS.— (1) REPEAL.—Section 8(b)(ii)(B) of the Revised Organic Act of the Virgin Islands (48 U.S.C. 1574(b)(ii)(B)) is repealed. (2) REDESIGNATION.— Section 8(b)(ii)(C) of the Revised Organic Act of the Virgin Islands (48 U.S.C. 1574(b)(ii)(C)) is redesignated as section 8(b)(ii)(B). (3) REDUNDANT PROVISION.— Section 1 of Public Law 94- 392 (90 Stat. 1193) is amended by striking subsection (d). 48 USC 1574a. SEC. 2. AGREEMENT. (a) IN GENERAL.— The Secretary of the Interior is authorized to enter into an agreement with the Governor of the Virgin Islands establishing mutually agreed financial accountability and performance standards for the fiscal operations of the Government of the Virgin Islands. (b) TRANSMISSION TO CONGRESS.— Upon ratification of the agreement authorized in subsection (a) by both parties, the Secretary sheJl forward a copy of the agreement to the Committee on Resources in the House of Representatives and the Committee on Energy and Natural Resources in the Senate. SEC. 3. EFFECTIVE DATES. Applicability. (a) IN GENERAL.—Except as provided by subsection (b), the note. amendments made by section 1 shall apply to those instruments 48 USC 1631 note.
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