Title 48 — Territories and Insular Possessions
Chapter 7 — Virgin Islands
§ 1403a. Expenditure of bond proceeds for public improvements
Statutory text
The proceeds of the bond issues or other obligations herein authorized shall be expended only for the public improvements set forth in section 1403 of this title, or for the reduction of the debt created by such bond issue or obligation, unless otherwise authorized by the Congress.
Legislative history
Reconstructed from this section’s Code source credit and amendment notes, resolved against the local Statutes at Large. Editorial notes are evidence, not the law that made the change.
Pub. L. 81–769 § 2 · 63 Stat. 940
Enacted · 48 U.S.C. § 1403a
(Oct. 27, 1949, ch. 769, § 2, 63 Stat. 941.)
Source evidence
Code source credit
(Oct. 27, 1949, ch. 769, § 2, 63 Stat. 941.)Enacted provision · exact public law section
Sec. 2. The proceeds of the bond issues or other obligations herein Proceeds. authorized shall be expended only for the public improvements set forth in section 1 of this Act, or for the reduction of the debt created by such bond issue or obligation, unless otherwise authorized by the Congress.
1 of 1 references resolved to an enrolled provision
Credits
(Oct. 27, 1949, ch. 769, § 2, 63 Stat. 941.)