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 principal amountshall collection of customs duties in the Virgin Islands in the Actof July 25, 1979, is hereby repealed.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.