113 STAT. 1296 PUBLIC LAW 106-84—OCT. 28, 1999 of indebtedness issued by the Government of the Virgin Islands after the date of the enactment of this Act. (b) EFFECT OF FAILURE TO REACH AGREEMENT.— If the agreement authorized in section 2(a) is not ratified by both parties on or before December 31, 1999, the amendments made by section 1— (A) shall not apply to instruments of indebtedness issued by the Government of the Virgin Islands on or after December 31, 1999; and (B) shall continue to apply to those instruments of indebtedness issued by the Government of the Virgin Islands after the date of the enactment of this Act and before December 31, 1999. 48 USC 1574 SEC. 4. CONSTRUCTION. These amendments to the Revised Organic Act of the Virgin Islands are not intended to modify the internal revenue laws. Thus, the bonds authorized by this bill must comply with subsection (c) of section 149 of the Internal Revenue Code of 1986 (which requires the new bonds comply with the appropriate requirements of the Internal Revenue Code). Approved October 28, 1999. LEGISLATIVE HISTORY—H.R. 2841: HOUSE REPORTS: No. 106-337 (Comm. on Resources). CONGRESSIONAL RECORD, Vol. 145 (1999): Sept. 27, considered and passed House. Oct. 19, considered and passed Senate.
�
