Breaking

9-Year-Old Boy Dies After Being Shot in Head in Croixville Housing Community; Police Detain 15-Year-Old

Concerned Residents Clean Christiansted Town Using Their Own Tools, Money, and Some Help from the VI Fire Service

Territory May See Veterans Cemetery Through DeGazon-Sponsored Bill

Credit and Debit Cards of WAPA Customers Were Compromised Since August 30th, WAPA Says, Authority to Finally Start Issuing Notification Via Mail and Email

Sports Tourism in VI Gains Momentum as DC United Team is set to Play Exhibition Soccer Game on St. Croix

Carnival Breeze Brings 3,700 Tourists to St. Croix During Maiden Call; Senators, Tourism Officials Want to See More

Limetree Bay Willing To Provide $10 Million To Help Add Life to a Dying G.E.R.S.

American Airlines to Serve St. Croix With New Flights Next Summer

The Sudden Death of Influential Roots Reggae Visionary, Vaughn Benjamin of Midnite Band and Akae Beka, Has Rocked the Virgin Islands and Reggae Community Around the World

Arthur A. Richards K-8 School Hosts Anti-Bullying Campaign

Come Out. Hang Out. Have Fun at The Meat Up, One of St. Thomas’ Latest Hot-Spot for Good Food with Friends and Family.

UVI Board of Trustees Approves $47.1 Million Fiscal Year 2020 Budget; Sets $3 Million Fundraising Goal

Man Dies During Early Morning Car Accident on St. Croix; Driver of Car Arrested (Updated)

'You Did Everything You Could to Prevent this from Happening': An Emotional Goodbye to Young Aaron Benjamin

Back in Business: Cost U Less on St. Thomas Opened its Doors Friday to Thousands of Customers 2 Years after Irma and Maria

Bill Aimed at Regulating Credit Use by Gov't Departments and Agencies Among Others Held in Committee

Juan Luis Hospital Announces Completion and Availability of Mobile Dialysis Facilities

Tractor Trailer With Tank Carrying Thousands Of Gallons of Liquified Gas Flips Near Cool Out Bar; Driver Injured But Alive

Credit and Debit Card Hack Through WAPA Appears to be Widespread in Virgin Islands; WAPA Says Support Services Will be Made Available to Affected Customers

Facing Life in Prison Without Parole, Mother and Boyfriend Plead Not Guilty in Murder of 4-Year-Old Boy

Bryan Signs 10 Bills Into Law, Including Measure Seeking Extension Of Deadline For Medical Marijuana Implementation

Featured / Health / News / Top Stories / Virgin Islands / May 30, 2019

Governor Albert Bryan on Wednesday signed into law ten bills that were passed by the 33rd Legislature on May 14 and 15, including Bill No. 33-0067, which extends the deadline for the Cannabis Advisory Council to establish rules and regulations for medical marijuana, Government House has made known.

“I thank the 33rd Legislature for the expeditious actions taken to extend these deadlines to allow the Virgin Islands sufficient time to carefully develop a comprehensive program properly from the outset,” he wrote.

Mr. Bryan also signed into law a bill prohibiting veterans who receive taxi medallions from selling them to non-veterans.

The governor acknowledged receipt of Resolution No. 1852, which reorganizes and re-establishes the Majority Caucus of the 33rd Legislature, as well as elects new Senate officers and reappoints Senate Committee assignments, the release made known.

Although he signed Bill No. 33-0006 regarding the sale of taxi medallions, in his Transmittal Letter to Senate President Novelle Francis, Mr. Bryan cautioned the lawmakers that more amendments are needed to avoid infringing on veterans’ benefits.

“I support the intent of this measure to protect and provide benefits to our veterans pursuant to the veterans’ auction of medallions, but as written the measure also limits veterans who obtain medallions at the regular auction, an effect I doubt was intended by this Legislature,” he wrote.

Governor Bryan signed into law Bill No. 33-0070, which authorizes the Government of the Virgin Islands to secure a revolving credit facility to pay outstanding obligations pending the receipt and disbursement of federal funds for hurricane recovery and restoration. During a Senate hearing earlier this month, Dept. of Finance Commissioner Designee Kirk Callwood said it was possible to secure the line of credit, even in light of the territory’s junk bond status.

“The Public Finance Authority has approached several financial institutions regarding a potential revolving line of credit, secured by federal reimbursements. The resulting discussions have shown there is a market for such a facility. However, we are conducting further analysis on the appropriate size of the line of credit, the timing for the reimbursements from the federal government, and the pledge of Gross Receipts Tax revenue to fund the associated interest expense,” Mr. Callwood said. “The territory would also be required to obtain approval from FEMA before entering into any such obligation, as per the covenants under the community disaster loans, particularly in a situation if federal monies are being pledged as securitization, which FEMA has been hesitant to approve in the past.”

Whether the Gross Receipt Tax can be used to secure another loan without affecting the covenants the GRT is already burdened by, remains in question. Additionally, the territory needs to perform a new assessment of the government’s taxable assets, which is used to determine the USVI’s debt limit. “It is our understanding that this final valuation may not be available for at least several months as the assessor’s office works through assessing the damage from the hurricanes,” Mr. Callwood said.

Mr. Bryan signed into law Bill No. 33-0032, which requires the Office of Management and Budget, the Finance Department and the Bureau of Information Technology to establish websites providing the public with financial information about the agencies. However, he pointed out that the Executive Branch already has established such a website at www.transparency.vi.gov.

The governor said he has reservations about Bill No. 33-0014, but he signed the legislation, which increases the appropriation from the Internal Revenue Matching Fund to the Government Employees Retirement System from $7 million to $10 million and allocates 60 percent of it as “direct contributions” and 40 percent as outstanding employer contributions.

All four lease agreements passed by the Senate—Bills 33-0047; 33-0048; 33-0049; and 33-0066—were signed by the governor, Government House said. Additionally, he signed Bill No. 33-0073, which amends the Official Zoning Map for St. John for Parcel No. 285 Estate Contant and Enighed.

The territory’s leader also acknowledged receipt of Resolution No. 1850 to petition the U.S. Congress to provide subsidies to the U.S. Virgin Islands for earned income credits and child tax credits, and of Resolution No. 1851, which honors and commends 2019 State Teacher of the Year Kerra Samuel.


Tags:



Ernice Gilbert
I wear many hats, I suppose, but the one which fits me best would be journalism, second to that would be radio personality, thirdly singer/songwriter and down the line. I've been the Editor-In-Chief at my videogames website, Gamesthirst, for over 5 years, writing over 7,000 articles and more than 2 million words. I'm also very passionate about where I live, the United States Virgin Islands, and I'm intent on making it a better place by being resourceful and keeping our leaders honest. VI Consortium was birthed out of said desire, hopefully my efforts bear fruit. Reach me at [email protected]




Previous Post

Watch | Novelle Francis Responds To Bryan's 'Pandering' Comment, Addresses Other Issues In VIPC Interview

Next Post

Dept. Of Health Holds Training To Prepare Healthcare Workers In Event Of Measles Outbreak In Territory





You might also like

Leave a Reply


More Story

Watch | Novelle Francis Responds To Bryan's 'Pandering' Comment, Addresses Other Issues In VIPC Interview

Senator Novelle Francis sat with The Consortium's Ernice Gilbert Wednesday night for a VIPC interview. There, Mr. Francis...

May 30, 2019