2020 US Code
Title 48 - Territories and Insular Possessions
Chapter 7 - Virgin Islands
Subchapter IV - Public Housing
Sec. 1408a - Issuance of notes, bonds, and obligations
| 48 U.S.C. § 1408a (2020) |
| §1408a. Issuance of notes, bonds, and obligations |
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The legislative assembly may authorize such authority, any provision of the Virgin Islands Organic Act [48 U.S.C. 1405 et seq.] or any other Act of Congress to the contrary notwithstanding, to borrow money and to issue notes, bonds, and other obligations of such character and maturity, with such security, and in such manner as the legislative assembly may provide. Such notes, bonds, and other obligations shall not be a debt of the United States, or of the Virgin Islands or of any municipality or subdivision thereof, other than such authority, nor constitute "bonds and other obligations" within the meaning of sections 1403 to 1403b of this title, or a debt, indebtedness, or the borrowing of money within the meaning of any limitation or restriction on the issuance of notes, bonds, or other obligations contained in any laws of the United States applicable to the Virgin Islands or to any municipal corporation or other political subdivision or agency thereof. |
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(July 18, 1950, ch. 466, title III, §302, 64 Stat. 346.) |
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REFERENCES IN TEXT
The Virgin Islands Organic Act, referred to in text, probably means the Organic Act of the Virgin Islands of the United States, act June 22, 1936, ch. 699, 49 Stat. 1807, as amended, which is classified generally to subchapter II (§1405 et seq.) of this chapter. For complete classification of this Act to the Code, see section 1406m of this title and Tables. |
| United States Code, 2018 Edition, Supplement 2, Title 48 - TERRITORIES AND INSULAR POSSESSIONS |
| Bills and Statutes |
| United States Code |
| Y 1.2/5: |
| Title 48 - TERRITORIES AND INSULAR POSSESSIONS CHAPTER 7 - VIRGIN ISLANDS SUBCHAPTER IV - PUBLIC HOUSING Sec. 1408a - Issuance of notes, bonds, and obligations |
| section 1408a |
| 2020 |
| January 13, 2021 |
| No |
| standard |
| 49 Stat. 1807 64 Stat. 346 |
