H.R.3634 - Virgin Islands Organic Revision Act of 1996104th Congress (1995-1996)
|Sponsor:||Rep. Frazer, Victor O. [I-VI-At Large] (Introduced 06/13/1996)|
|Committees:||House - Resources|
|Latest Action:||House - 06/26/1996 Subcommittee Hearings Held. (All Actions)|
This bill has the status Introduced
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Summary: H.R.3634 — 104th Congress (1995-1996)All Information (Except Text)
Introduced in House (06/13/1996)
Virgin Islands Organic Revision Act of 1996 - Amends the Revised Organic Act of the Virgin Islands to declare that the absence of either the Governor or the Lieutenant Governor while on official business shall not be construed as a "temporary absence" involving a surrender of authority and power.
Amends a specified Act to revise bond priority guidelines to declare that Virgin Islands revenue bonds, instead of the current priority for payment in the order of the date of issue, shall have a parity lien with every other subsequently issued obligation.