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Enterprise Zone Law Download Law

HISTORY: --Added Sept. 14, 1999, No. 6294, § 2, Sess. L. 1999, p. 88.

NOTES:

HISTORY

Revision notes.

In subsection (2)(c), substituted "section 1010 of this title" for "section 1010" for purposes of conformity with V.I.C. style.
In subsection (9)(i), substituted "section 1007(9) of this title" for "section 1007(9)" for purposes of conformity with V.I.C. style.

   HIERARCHY NOTES:
   Tit. 29 Note
   Tit. 29, Ch. 19 Note

§ 1004.  Creation of the Enterprise Zone Commission

  1. There is created a public body to be known as the Enterprise Zone Commission. The Commission shall be within, and shall constitute a subsidiary entity wholly administered and operated by the Economic Development Authority established in title 29, chapter 21, Virgin Islands Code; and
  2. The Commission shall be organized as a committee of the Economic Development Authority and shall be composed of five members of the Economic Development Authority Board of Directors established under this title as appointed by the Chairman of the Economic Development Authority.

HISTORY: --Added Sept. 14, 1999, No. 6294, § 2, Sess. L. 1999, p. 88; amended Feb. 21, 2002, No. 6503, § 8, Sess. L. 2002, p. 270.

NOTES:

HISTORY

Amendments
--2002.
Act 6503 re-named and rewrote the section.

HIERARCHY NOTES:
Tit. 29 Note
Tit. 29, Ch. 19 Note


§ 1005.  Compensation; traveling expenses

Appointed members of the Commission shall receive compensation of $50.00 per day while attending Commission meetings, plus necessary expenses incurred thereby. However, only one payment of $50.00 per day will be made when an appointed member attends meetings of both the Historic Preservation Commission and the Enterprise Zone Commission. Each commissioner shall hold office until a successor has been appointed and has been qualified.
HISTORY: --Added Sept. 14, 1999, No. 6294, § 2, Sess. L. 1999, p. 88.

NOTES:

HIERARCHY NOTES:
Tit. 29 Note
Tit. 29, Ch. 19 Note

§ 1006.  Quorum; meetings; qualifications for appointment as commissioner

Four (4) of the commissioners shall constitute a quorum of the Commission for the purpose of conducting business and exercising the powers of the Commission and for all other purposes. The Board may act upon a vote of a majority of the commissioners present, unless the bylaws or rules and regulations of the Commission shall require a larger number. The Board shall promulgate bylaws for its operations.

HISTORY: --Added Sept. 14, 1999, No. 6294, § 2, Sess. L. 1999, p. 88.

NOTES:

HIERARCHY NOTES:
Tit. 29 Note
Tit. 29, Ch. 19 Note

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St.Thomas: 1050 Norre Gade # 5, Government Development Bank Bldg. P.O. Box 305038, St. Thomas, USVI 00803 (340) 714-1700
St.Croix: #116 King Street Frederiksted, St. Croix, USVI 00840 340-773-6499