2019 US Virgin Islands Code
Title 11 - Commerce, Technology and Trade
Chapter 23 - Small Business Development
Subchapter I - Small Business Development Agency
§ 1257. Guarantee of rental payments
Universal Citation: V.I. Code tit. 11, § 1257 (2019)
The Director is authorized, subject to the prior approval of the Loan Policy Board, to guarantee the payment of rents on behalf of any small business concern eligible for assistance under the provisions of this chapter when it is determined that such guarantee is consistent with the purposes of this chapter. In those instances where the tenant is a corporation, all stockholders shall first guarantee the payment of rents prior to the Director making any guarantee pursuant to this subchapter.
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