An Act to amend section 8 of the Revised Organic Act of the Virgin Islands to increase the special revenue bond borrowing authority, and for other purposes.
PL 89-643 (S.3080), enacted 10/13/1966

090 
PUBLIC LAW 89-643-OCT. 13, 1966 
[80 
STAT. 
ACCOUNTS AND RECORDS 
SEC. 16. States, State educational agencies, schools, and nonprofit 
institutions participating in programs under this Act shall keep such 
accounts and records as may be necessary to enable the Secretary to 
determine whether there has been compliance with this Act and the 
regulations hereunder. Such accounts and records shall at all times be 
available for inspection and audit hj representatives of the Secretary 
and shall be preserved for such period of time, not in excess of three 
years, as the Secretary determines is necessary. 
Approved October 11, 1966, 6:06 p.m. 
October 13, 1966 
[S.3080] 
Public Law 89-643 
AN ACT 
. To amend section 8 of the Revised Organic Act of the Virgin Islands to increase 
the special revenue bond borrowing authority, and for other purposes. 
Virgin Islahds. 
Bond borrowing 
authority, in-
crease. 
72 Stat. 1095; 
77 Stat. 335. 
Limitations. 
Be it enacted hy the Senate and House of Representatives 
of the 
United States of America in Congress assembled, That section 8 (b) (i) 
of the Revised Organic Act of the Virgin Islands, as amended (68 
Stat. 497, 500; 48 U.S.C. 1574(b)), is amended as follows: 
(a) Delete "(1)" and delete "and (2) for the establishment, con-
struction, operation, maintenance, reconstruction, improvement, or 
enlargement of other projects, authorized by an Act of the legislature, 
which will, in the legislature's judgment, promote the public interest 
by economic development of the Virgin Islands." 
(b) Delete "$10,000,000" and substitute therefor "$30,000,000, exclu-
sive of all bonds or obligations which are held by the Government of 
the United States as a i-esult of a sale of real or personal property to 
the government of the Virgin Islands. Not to exceed $10,000,000 of 
such bonds or obligations may be outstanding at any one time for 
public improvements or public undertakings other than water or 
power projects." 
(c) Delete the word "specific" wherever it appears in the first and 
second sentences. 
(d) Delete in the fifth sentence the words "shall be redeemable after 
five years without premium" and substitute therefor the following: 
"may 
be redeemable 
(either 
with 
or 
without 
premium) 
or 
nonredeemable". 
Approved October 18, 1966. 
October 13, 1966 
[H. R. 10860] 
Public Law 89-644 
AN ACT 
To amend the Oonnally Hot Oil Act by exempting States from certain provisions 
thereof. 
Hot Oil Act, 
amendment. 
Definition of 
"contraband oil." 
Be it enacted by the Senate and House of Representatives 
of the 
United States of America in Congress assembled, That section 2 of 
the Act of February 22,1935, as amended (49 Stat. 30; 15 U.S.C. 715a), 
commonly referred to as the Connally Hot Oil Act, is amended by 
striking out the period at the end of paragraph (1) of such section 
and inserting in lieu thereof a comma and tlie following: "except 
petroleum or any of its constituent parts, title to which has been ac-
quired by a State pursuant to its laws.". 
Approved October 13, 1966.