< Back to H.R. 3634 (104th Congress, 1995–1996)

Text of the Virgin Islands Organic Revision Act of 1996

This bill was introduced on June 13, 1996, in a previous session of Congress, but was not enacted. The text of the bill below is as of Jun 13, 1996 (Introduced).

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HR 3634 IH

104th CONGRESS

2d Session

H. R. 3634

To amend provisions of the Revised Organic Act of the Virgin Islands which relate to the temporary absence of executive officials and the priority payment of certain bonds and other obligations.

IN THE HOUSE OF REPRESENTATIVES

June 13, 1996

Mr. FRAZER (for himself, Mr. BALDACCI, Mr. BISHOP, Mr. THOMPSON, Ms. NORTON, Mr. MORAN, Mr. WYNN, Mr. HASTINGS of Florida, Mrs. MEEK of Florida, Mr. LUTHER, Mr. ROMERO-BARCELO, Mr. HILLIARD, Ms. MCKINNEY, Mrs. CLAYTON, Mr. RANGEL, Mr. DORNAN, Ms. JACKSON-LEE, Mr. LEWIS of Georgia, Mr. FLAKE, Mr. HAYWORTH, and Mr. MENENDEZ) introduced the following bill; which was referred to the Committee on Resources


A BILL

To amend provisions of the Revised Organic Act of the Virgin Islands which relate to the temporary absence of executive officials and the priority payment of certain bonds and other obligations.

    Be it enacted by the Senate and House of Representatives of the United States of America in Congress assembled,

SECTION 1. SHORT TITLE.

    This Act may be cited as the ‘Virgin Islands Organic Revision Act of 1996’.

SEC. 2. TEMPORARY ABSENCE OF OFFICIALS CLARIFIED.

    Section 14 of the Revised Organic Act of the Virgin Islands (48 U.S.C. 1595) is amended by adding at the end the following new subsection:

    ‘(g) An absence from the Virgin Islands of the Governor or the Lieutenant Governor, while on official business shall not be a ‘temporary absence’ for purposes of this section.’.

SEC. 3. AMENDMENTS TO PRIORITY OF BONDS AND OTHER OBLIGATIONS.

    (a) AUTHORITY TO ISSUE OBLIGATIONS- Section 3 of the Act entitled ‘An Act to authorize the government of the Virgin Islands to issue bonds in anticipation of revenue receipts and to authorize the guarantee of such bonds by the United States under specified conditions, and for other purposes’, approved August 19, 1976 (48 U.S.C. 1574c), is amended--

      (1) by striking ‘priority for payment’ and inserting in lieu thereof ‘a parity lien with every other issue of bonds or other obligations issued for payment’; and

      (2) by striking ‘in the order of the date of issue’.

    (b) APPLICATION- The amendments made by this section shall apply to obligations issued on or after the date of the enactment of this Act.