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Who controls TIF?

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  • States authorize enabling legislation
  • Local government jurisdictions (city or county) designate districts or project areas
  • Development agencies or non-profits implement programs
  • Private developers, real estate and financial institutions partner with development agencies

In the U.S. Virgin Islands, the VI Economic Development Authority (VIEDA) administers the TIF program and the Virgin Islands Public Finance Authority (PFA) issues TIF bonds.