R. 12, 1980
PUBLIC LAW 96-205—MAR.12, 1980
Stat. 302), to provide for
provisions of Public Law 93-435 (88 Stat. 1210) is hereby transferred
delete the commaafter
with interest as set forth
Virgin islands to the Administrator of the General Services Adminis-
ler purposes, is hereby
elete the last paragraph
ms collected pursuant to
St on the amounts made
dant to this Act shall be
uam on the principa
-this Act.”.
P
Pal
f Guam (64 Stat. 387; 48
Jed by deleting all after
ystituting the following
Guam Power Authority
1e obligations purchased
2 fifth sentence of this
the concurrence of the
to the Virgin Islands government.”.
(ob) The General Services Administration shall reiease from the
mo
e dated January 26, 1972, given by the government ofthe
94 STAT.89
4+ USC 1705 et
seg
tration, approximately ten acres of such mortgaged land for construcSaint Croix armory upon payment by the
the pro
tion of
governmentof the Virgin Islands of the outstanding principal due on
such ten acres.
Sec. 402. No extension, renewal, or renegotiation of the lease of rea! WaterIsland
roperty on WaterIsland in the Virgin Islands to which the United
property.
Grates is a party may be entered into before 1992 unless such
extension, renewal, or renegotiation is specifically approved by Act of
Con.
.
Sec.403. (a) Subsection 28(a) of the Revised Organic Act of the
Virgin Islands is amended byinserting after the words “and naturali- 48 USC 1642.
zation fees collected in the Virgin Islands,” the following: “(less the
cost of collecting such duties, taxes and fees as may be directly
attributable (as certified by the Comptroller of the Virgin Islands) to
the importation of petroleum products until January 1, 1982: Pro-
vided,
That any otherretained costs not heretofore remitted pursu-
urchase by the Federal
to purchase,obligations
ant to the Act of August 18, 1978, shall be immediately remitted to 92 Stat. 487.
principal amountshall
collection of customs duties in the Virgin Islands in the Actof July 25,
1979, is hereby repealed.
Sec. 404. Subsection (d) of section 4 of Public Law 95-348 (92 Stat.
refinance the principal
thefifth sentenceof this
d shall bearinterest at a
3 of the Federal Financim Power Authorityfail
‘Incipal when due on the
‘ this section, the Secrecretary shall deduct and
Secretary, according to
nts from sumscollected
Act (48 U.S.C. 1421h).
Acts making appropriany payments from the
which may be or may
2t the amount of such
“nited States may have
uam Power Authority
this Act, under section
» term ‘person’ includes
Power Authority. The
ems appropriate on the
NDS
he Revised Organic Act
S amended, is further
raph “(1)” and by the
rh:
to all property in the
d by the United States
1 into August 16, 1916,
in accordance with the
the Treasury of the Virgin Islands notwithstanding any otherprovi-
sion of law).”’
(b) The paragraph entitled “U.S. Customs Service” involving the
- 487, 491) is hereby repealed.
Sec. 405. Any excise taxes levied by the Legislature of the Virgin
Islands may be levied and collected as the Legislature of the Virgin
ss=agiands may direct as soon as the articles, goods, merchandise, and
commodities subject to said tax are brought into the Virgin Islands.
Sec. 406. Not later than two years after the date of enactment of
Repeal.
93 Stat. 122.
48 USC 16424.
48 USC 1641
note.
Excise taxes.
48 USC 1574
note.
District Court
this Act, the Administrator of the General Services Administration Building
shall convey, without consideration,all right, title, and interest of the
United States in and to the property known as the formerDistrict
Court Building (including the parcel of land upon whichsaid building
is located), 48 B Norre Gade, St. Thomas, Virgin Islands, to the
Governmentof the Virgin Islands.
Sec. 407. Subsection (f) of section 2 of the Act entitled “An Act to
authorize the government of the Virgin Islands to issue bonds in
property,
transfer.
Bonds, issuance.
anticipation of revenue receipts and to authorize the guarantee of
such bonds by the United States under specified conditions, and for
other purposes (90 Stat. 1193; Public Law 94-392; 48 U.S.C. 1574b)is
amended by striking out the last sentence and inserting in lieu
thereof the following language: ‘No commitment to guarantee may
be issued by the Secretary, and no guaranteed but unobligated funds
may be obligated by the government of the Virgin Islands after
October 1, 1984. After October 1, 1984, any unobligated proceeds of
bonds or other obligations issued by the government of the Virgin
Islands pursuant to this section shall be repaid immediately by the
government of the Virgin Islands to the lenders with the agreed upon
interest. Should there be any delay in the governmentof the Virgin
Islands’ making such repayment, the Secretary shall deduct the
requisite amounts from moneys underhis control that would otherwise be paid to the governmentof the Virgin Islands under section
28(b) of the Revised Organic Act of the Virgin Islands.”
ee
26 USC 7652.