A Stat
said Organic Act as interest an the qineunts made
Secretary, according to
deeins appropriate on the
Sie 400 tat Subsection (bp of section Ab of the Revised Ovpanic Act
G8 16.0) 15th, as amended, is futher
of the Virgin Isaads
ainended by numbering Che existing pausaaph “CN and by the
whhition Ghercto of the following new piri
“12) Subject to valid esa¢ing rights. tide to all praperty in the
Virgin Islands which may have bren acquired by the United States
TUFLE UY -WERGIN ISLANDS
+
bonds of othes oblipations be puarantees.”
ary may lace such sige hations os he*
the govesnineat of Guam and the Guan Power Authority. the
and offset the amount af euch
become due pursuant to any law
withheld payments against any clin the United States may hive
against (he gevesmment of Guam or (he Guan Power Authosity
pursiand to this guarintee For the puapose of this Act, under section
4466 of the Revised Statutes GUUS €. 1b the team ‘perso’ inchades
United States to the gavesnsuent of Guam which may be ar ma
atlions may provide for the withholding of any payments from the
Notwithstanding any other provision of law, Acts making appropel-
(heie gespoctive inferests, uch vopaid amounts from sams collected
tnd payable pursnant do section 30 of this Act GH USC. b20ho
pay te the Federal Flaancing Bank on the
of the Caan Power Authority issued to aclinance the principal
amound of the obligations puaranteed under the filth sentence of this
section The obligations that refinance such principal amount shall
mature oot later than December 34, 1990, and shall bear interest ata
vate dedermined in accordance with section 6 of the Federal Pinaneings Bank ActelZurs ©. 22K6) Should the Guam Power Authority tail
to pay in full any Installment of inlerest or principal whea duc on the
bonds or other obligations gaaranteed under this section, the Se
Secretary shatl dedact and
tiny of the Treasury. upon vetice from the
FinanciaBaok; and such bank is authorized ta purchase, obligutions
Secretary of the Treasury, guarantee far purchase by the Federal
section by December Jt, (880, nny, with the concurrence of the
bevnnggenangee.
“The Secretary, apon detesmining that the Guam Power Authorily
is unable (oaefinance oa reasonable terms the obldaations purchased
by the Federal Finaseiag Bank ander the fifth sentence of Chis
the words “December 31, 1980") and substituting, the following
Sree et Section tT of the Organic Act of Guin (it Stat KT, 48
USC (etal as amended, is hereby aiaended hy deleting all after
Aton advanced by dhe Vodtod States andes this Act.
available (othe government of Gaam pursuant to Chia Act shall be
Credited as cetinbursement payments hy Gana on the principal
nection SO of the
before section 4 and ines! in lien thereol.
“AU amounts heretofore withheld fron suas collected pursuant to
(alter pacageaph (eo) of section |, delete the diast parcageaph
Jedaow.”” aad
the rchibilitation of Guam, and for other purposes, is hereby
amended ns follows:
CV) ig the fies sentence of section 3, delete the comma after
“United States
ad delete (he words “wath jnatesest as set forth
nec 302 The Act of November 4, 164 (77 Stat $02), to provide for
PUSE ALAW i205 - MAIO 12, OKO
v
’
cservedianetained by the United States in accordance with the
ri anion Demnak aides the Cooveation entered into August 16, 1916,
Peo nene
abl
sedin
Authoatty,
ace Dawes
POUC bbth
HEE. KR
MAR TA, bKo
I proposed Saint Crebc aemary upon payment by the
OH UI DOE?
Wratee Unboared
peop ety
WA STAT. Ko
ole
aole
tages
Baciee
aR GS O8T4
Thomas, Viggio [stands do the
28D) ol the Revised Osyaimis Actol the Virpun Dstiends 7.
wise he paid to the povermment of the Virgin Ushands wander section
requisite nniounts fram moneys wader bis Canteal that would othes-
Islands’ nating: such sepayanent, Che Seceetary shadl deduct the
interest Should there be any delay in the goverment of the Vigin
thlands parsaané to this section shall be cepaid imauediately by Che
poveriiment of the Virgin bdinds te the fenders with (he ayaced upon
bonds or other obliations issaed by the pavernancat of the Visgin
may he obligated by the goverment of the Virgin bilaads after
October 1, VEAfter October 1, VORA, niny cabibipated proceeds a
haticipation of vevenue receipts aud to authorize the guarantee of
tuch bonds iy the United States ander ¢pecitied conditions, and lor
ether pis poses” (0 Stat HG, Puldic haw OP G2 ARTES CPTI is
hniended by stoikdng oud the dist seatence and insesting ta lieu
thereof the Collowing language: “No comiuiliaent ta guarantee aie
he issued by the Secretary, and oo poarantoed hut anotdigated Hands
authorize the povernment of the Virgin Istandts ta issae bonds in
Sre 407 Subsection G) ef section 2 of the Act eatitled “An Act to
is located), 42 EB Nowe Gade, St
Cocevnient of Che Virgin ishands
United States in and to the property known as the farmer District
Court Hoilding Giachadiag the parcel of land apon which said bailing
AOAING Tih?
Heneds, ismeresee
Prieta 0
See 406 Not fater than two years after the diate of enactment of Huitdon
g
Adusinisteation
Services
General
the
of
Adininistrator
the
Act,
this
1
ty.
the
of
interest
and
shall convey, without consideration, all ight, title,
See 405) Any excise taxes levied by the Legislative of (he Virgin
Islands may be levied and collected as the Lepistiture of the Virgin
Islands may direct as sean as the aaticles, goods, merchandise, und
commadities subject ta said tas are brought into the Virgin Pelands
AKT, 1dis hereby repealed.
;
sion of baw”
s
Ake gos sof
(hd The parngeaph entitled “US Castoms Service” invelvin the
coller (iow of customs duties inthe Virgin tslands in the Act at duly 25, WI Stet 122
1974, is hereby repealed
4K UKM 16420
See 404 Subsection ay af section 4 of Public Law 95 4H (02 Stal PRUE BON
92 Seat 447
nat te the Act af August 8, 1978, shall be immediately semitled to
the ‘Poeasary of the Virgin Istinds watwithstandingg any athed provi
wliributable fas certified hy the Comptroller of the Virgin ds Hands) to
the importation of petroleum products uotil Janay Ot, WORE. Pa.
prided. That any other retained costs not heretofo remitted passe:
after the words “and aaterale
Virgin Ihends is amended by inserting:
ration fees callected in the Virgin bdands,” the foflowing, “tess (he
cost of collecting such duties, taxes nnd feces os may he ducetly
See 40 (ad Subsection 2Rta) of the Revised Orgone Act of the
Conyuess.
ates is a party may be entered inte below Te antess seach
extension, renewal, oF benegediation 1s specuically approved by Act of
Coscdsage prin ipesed cdse cas
fovernment of the Virgin [stands af (he oud
pied fen acees
See 402) Noextension, renewal, or rencotiation of (he lease of real
waperty on Water Istaad in the Varin tlands do which the Ghiited
linn at
inortpape dated damiary 26 ME piven hs the: fronee to nt af the
Virgin bsbands to Che Adiamistiaton of Che Gone nad Geevieen Achansaas
approximately fen acces of such aen tye ped Vind dos constige:
tration,
provisions af Public Law Gb HSCF Stat Enis hereby transfered
,
tothe Virgin Islands government.”
(hd The General Seavices Administiation hath release fron the
PURLIC LAW $6 van