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Sec. 404. Subsection (d) of section 4 of Public Law 95-348 (92 Stat.
487,491l)isherebyrepealed. . - |.
Sec. 405. Any excise taxes levied by the Legislature of the Virgin
Islands may be levied and collected as the Legislature of the Virgin

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note.
Excise taxes.
48 USC 1574

Islands maydirect as soon as the articles, goods, merchandise, and

commodities subject to said tax are brought into the Virgin Islands.
Sec: 406. Not later than twoyears after the date of enactment of District Court
this Act, the Administrator of the General Services Administration Building
shall convey, without consideration,all right, title, and interest of the transfer.
property.

United States in and to the property known as the former District
Court Building (including the parcel of land upon whichsaid building

Bonds, issuance.

anticipation of revenue receipts and to authorize the guarantee of

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thereof the following language: ‘No commitment to guarantee may

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October 1, 1984, After October 1, 1984, any unobligated proceeds of

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be issued by the Secretary, and no guaranteed but unobligated funds
may be obligated by the government of the Virgin Islands after

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bonds or other obligations issued by the government of the Virgin

Mer

_ Islands pursuant to this section shall be repaid immediately by the

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government of the Virgin Islands to the lenders with the agreed upon

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94 STAT. 89

26 USC 7652.

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28(b) of the Revised Organic Act of the Virgin Islands.”.

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requisite amounts from moneys under his control that would other-

wise be paid to the government of the Virgin Islands under section

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interest. Should there be any delay in the government of the Virgin
Islands’ making such repayment, the Secretary shall deduct the

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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

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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

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is located), 48 B Norre Gade, St. Thomas, Virgin Islands, to the
Government of the Virgin Islands.
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93 Stat. 122.

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1979, is hereby repealed.

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_ (b) The paragraph entitled “U.S. Customs Service” involving the Repeal.
collection of customsduties in the Virgin Islands in the Act of July 25,

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the Treasury of the Virgin Islands notwithstanding any otherprovision of law).”
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Sec. 403. (a) Subsection. 28(a) of the Revised Organic Act of the
Virgin Islands is amended by inserting 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 maybe directly
attributable (as certified by the Comptroller of the Virgin Islands) to
the importation of petroleum products until January 1, 1982: Provided, That any other retained costs not heretofore remitted pursuant to the Act of August 18, 1978, shall be immediately remitted to 92 Stat. 487

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extension, renewal, or renegotiation is specifically approved by Act of
Congress.
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States is a party may be entered into before 1992 unless such

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governmentof the Virgin Islands of the outstanding principal due on
suchtenacres..
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Sec. 402. No extension, renewal, or renegotiation of the lease of real Water Island
property on Water Island in the Virgin Islands to which the United property.

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provisions of Public Law 93-435 (88 Stat. 1210) is hereby transferred
tothe VirginIslandsgovernment.”,
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(b) The General Services Administration shall release from the
mortgage dated January 26, 1972, given by the government of the
Virgin Islands to the Administrator of the General Services Adminis- '
tration, approximately ten acres of such mortgaged land for construction of the proposed Saint Croix armory upon payment by the

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INSULAR AREAS OF THEU.S.

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