A bill to authorize loan funds for the Government of the Virgin Islands.

Authorizes the government of the Virgin Islands to levy a surtax on future income taxes payable to itself which will not exceed ten percent.

Authorizes $15,000,000 in loan funds to be appropriated for the government of the Virgin Islands' operating expenses. Authorizes $61,000,000 to be appropriated for loans for the capital improvement program of the Virgin Islands.

States the conditions for extension and repayment of such loans. Empowers the Secretary of the Interior to place stipulations on such loans as he deems necessary.