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48 U.S.C. § 1642a — Availability of collected customs duties for expenditures as Legislature may provide

submitted 46 years ago by Pub. L. 96-304 to r/title-48-TERRITORIES-AND-INSULAR-POSSESSIONS · 60 words · no verdicts yet

in plain englishAI-generated · not legal advice

Customs-duty proceeds collected in the Virgin Islands, after collection costs, must be deposited in the Virgin Islands Treasury for fiscal years beginning after September 30, 1979. They may be spent as the Virgin Islands Legislature provides.

Notwithstanding any other provision of law, the proceeds of customs duties collected in the Virgin Islands less the cost of collecting all that duties must, effective for fiscal years beginning after September 30, 1979 , be covered into the Treasury of the Virgin Islands, and must be available for expenditure as the Legislator 1 of the Virgin Islands may provide.

the actual law source: uscode.house.gov ↗public domain

Notwithstanding any other provision of law, the proceeds of customs duties collected in the Virgin Islands less the cost of collecting all said duties shall, effective for fiscal years beginning after September 30, 1979, be covered into the Treasury of the Virgin Islands, and shall be available for expenditure as the Legislator 1 of the Virgin Islands may provide.

Source credit: (Pub. L. 96–304, title I, § 100, July 8, 1980, 94 Stat. 907.)

history & why it existsrecord from the source credit
  • 1980Enacted · Pub. L. 96-304 · 94 Stat. 907

A history note hasn’t been published yet. The record shows enactment by Pub. L. 96-304 on 1980-07-08.

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