[Congressional Bills 104th Congress]
[From the U.S. Government Publishing Office]
[H.R. 3634 Introduced in House (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.
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