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, and for other purposes.

Summary

Amends the Revised Organic Act of the Virgin Islands to authorize the Virgin Islands legislature to issue notes in anticipation of the collection of taxes or revenues as it may deem necessary and advisable for any public purpose authorized by it (thereby expanding the current list of authorized construction projects).

Authorizes the Secretary of the Interior to enter into an agreement with the Governor of the Virgin Islands establishing mutually agreed financial accountability and performance standards for fiscal operations of the Government of the Virgin Islands. Requires such agreement to be ratified by both parties of the legislature and forwarded to Congress.

Declares that the amendments made by this Act are not intended to modify U.S. internal revenue laws. Requires bonds authorized by this Act to comply with the Internal Revenue Code.

Legislative Actions

1999-09-27

Reported by the Committee on Resources. H. Rept. 106-337.

1999-09-27

Placed on the Union Calendar, Calendar No. 196.

1999-09-27

Mr. Saxton moved to suspend the rules and pass the bill, as amended.

1999-09-27

Considered under suspension of the rules. (consideration: CR H8787-8788)

1999-09-27

DEBATE - The House proceeded with forty minutes of debate on H.R. 2841.

1999-09-27

Passed/agreed to in House: On motion to suspend the rules and pass the bill, as amended Agreed to by voice vote.(text: CR H8787)

1999-09-27

On motion to suspend the rules and pass the bill, as amended Agreed to by voice vote. (text: CR H8787)

1999-09-27

Motion to reconsider laid on the table Agreed to without objection.

1999-09-28

Received in the Senate and read twice and referred to the Committee on Energy and Natural Resources.

1999-10-19

Senate Committee on Energy and Natural Resources discharged by Unanimous Consent.(consideration: CR S12851)

1999-10-19

Senate Committee on Energy and Natural Resources discharged by Unanimous Consent. (consideration: CR S12851)

1999-10-19

Passed/agreed to in Senate: Passed Senate without amendment by Unanimous Consent.

1999-10-19

Passed Senate without amendment by Unanimous Consent.

1999-10-20

Message on Senate action sent to the House.

1999-10-21

Presented to President.

1999-10-21

Presented to President.

1999-10-28

Signed by President.

1999-10-28

Signed by President.

1999-10-28

Became Public Law No: 106-84.

1999-10-28

Became Public Law No: 106-84.

To amend the Revised Organic Act of the Virgin Islands to provide for greater fiscal autonomy consistent with other United States jurisdictions, and for other purposes.

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