VIRGIN ISLANDS CODE ANNOTATED
Copyright © 2008 by THE LIEUTENANT GOVERNOR for THE GOVERNMENT OF THE VIRGIN ISLANDS

*** Statutes current through Act 7001 of the 2008 Regular Session ***
*** Annotations current through May 23, 2008 ***

TITLE TWENTY-NINE  Public Planning and Development 
Chapter 14.  Government Development Bank

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29 V.I.C. § 901  (2008)

§ 901.  Creation

1. To aid the Insular Government in the performance of its duties to develop the economy of the United States Virgin Islands, there is hereby created, as a discrete but integral part of the Economic Development Authority established in chapter 21 of title 29, Virgin Islands Code, "The Government Development Bank for the United States Virgin Islands" (hereinafter referred to as "the Bank").


2. The Bank is hereby created as a public corporation and governmental instrumentality as a subsidiary entity of, subordinate in administration and operation to the V.I. Economic Development Authority.

HISTORY: --Added Feb. 24, 1978, No. 4100, Sess. L. 1978, p. 24; amended Feb. 1, 2001, No. 6390, § 29, Sess. L. 2000, p. 424.

NOTES:

HISTORY

Revision notes.
The internal reference in subsection (a) to the code section establishing the Economic Development Authority was changed to reflect the correct citation for that enactment: chapter 21 of title 29.

--1998.
Substituted "United States Virgin Islands" for "Virgin Islands" for purposes of clarity pursuant to section 14 of Title 1.

Substituted "Government Development Bank for the United States Virgin Islands" for "Government Development Bank for the Virgin Islands" for purposes of clarity pursuant to section 14 of Title 1.

Amendments

--2000.
Rewrote the section.

HIERARCHY NOTES:
Tit. 29 Note