Senate: Finance

Agenda:
The committee has scheduled a meeting to consider the following bills:
Bill No. 32-0263 – An Act authorizing the use of $10,000,000 of the monies obtained pursuant to the Amended and Restated Terminal Operating Agreement by and among the Government of the Virgin Islands and Limetree Bay Terminals LLC; and the Refinery Operating Agreement by and among the Government of the Virgin Islands and Limetree Bay Refining LLC in each case dated July 2, 2018, to invest in the construction of a new, internationally-branded hotel property on St. Thomas (Proposed by Senators Myron D. Jackson and Marvin A. Blyden)

BR18-1247 –– An Act amending Title 30, V.I.C., chapter 5, section 106 (a) by increasing the Virgin Islands Water and Power Authority’s bond issuance maximum debt limitation from $500,000,000 to $750,000,000; and excluding (1) the amount of any loans from any federal agency and obligations issued to secure such loan and (2) capital leases and operating leases entered into by the Authority from the maximum debt limitation (Proposed by Sen. Myron D. Jackson)