reglab/housing_qa huggingface dataset:
V.I. Code tit. 33, § 3304 (2019)
2019 US Virgin Islands Code|Title 33 - Taxation and Finance|Subtitle 3 - Finance|Chapter 117 - The Public Monies|§ 3304. Collateral in lieu of depository bond

 In lieu of the corporate bond required in section 3302 of this title, a depository may pledge collateral satisfactory to the Commissioner of Finance, to secure governmental funds that are to be deposited with it. The Commissioner of Finance shall not accept any collateral other than— (1) United States Government, a state of the United States and/or Commonwealth of Puerto Rico bonds, notes, certificates, or other evidences of indebtedness to the payment of which the full faith and credit of the United States Government, a state of the United States or the Commonwealth of Puerto Rico is pledged and bonds, notes, certificates of indebtedness, or other evidences of indebtedness of governmental agencies which are unconditionally guaranteed by the United States Government; (2) bonds of any State of the United States or the Commonwealth of Puerto Rico; (3) bonds or other evidences of indebtedness of the Virgin Islands or of any agency thereof including notes issued in anticipation of the issuance of bonds, interim bonds, receipts, certificates of indebtedness or other obligations, the payment of the principal and interest of which is provided for other than by direct taxation, or to the payment of which the full faith and credit of the Virgin Islands is pledged; (4) securities approved from time to time by the Secretary of the Treasury of the United States of America as collateral security for special deposits of public moneys under the Act of Congress of The United States approved September 24, 1917, as amended. (5) Federal Housing Authority mortgages issued and secured under the rules and regulations of the Department of Housing and Urban Development and Veterans Administration mortgages issued under the rules and regulations of the Veterans Administration and unconditionally secured by the United States Government; Provided, That not more than 50 percent of the total collateral bond by a depository may be constituted of the types of securities described in this subdivision. The Commissioner of Finance with the approval of the Governor, may from time to time prescribe such other terms and conditions for the acceptance of collateral under this subdivision as he may determine necessary for the protection of Government. (6) irrevocable letters of credit issued by entities sponsored or established by the United States Government, or its agencies and instrumentalities, including irrevocable letters of credit issued by the Federal Home Loan Bank of New York.
V.I. Code tit. 33, § 3305 (2019)
2019 US Virgin Islands Code|Title 33 - Taxation and Finance|Subtitle 3 - Finance|Chapter 117 - The Public Monies|§ 3305. Pledge to accompany collateral

 The collateral deposited in compliance with section 3304 of this title shall be accompanied by a pledge thereof to the government of the United States Virgin Islands, which pledge shall recite that— (1) the depository will pay to the Commissioner of Finance or other authorized officer all governmental funds deposited with it, free of exchange or other charge, at any place in the Virgin Islands designated by him; if the deposit is a time deposit it shall be paid, together with interest, only when due; and (2) in case of default by the depository, the government of the United States Virgin Islands may sell the collateral, or as much of it as is necessary to realize the full amount due from the depository, and pay any surplus to the depository or its assigns.
V.I. Code tit. 33, § 3306 (2019)
2019 US Virgin Islands Code|Title 33 - Taxation and Finance|Subtitle 3 - Finance|Chapter 117 - The Public Monies|§ 3306. Furnishing more than one bond or both bond and collateral

 The depository may furnish more than one bond or both bonds and collateral to secure governmental funds deposited with it. If both bonds and collateral are furnished, the depository may withdraw all or any part of the collateral without in any way impairing the bond unless there is a provision in the bond that the collateral will not be withdrawn without the consent of the surety on the bond. All banks engaging in a general commercial banking business in the Virgin Islands are hereby authorized to pledge assets as herein provided as collateral security for deposits of governmental funds.
V.I. Code tit. 33, § 3307 (2019)
2019 US Virgin Islands Code|Title 33 - Taxation and Finance|Subtitle 3 - Finance|Chapter 117 - The Public Monies|§ 3307. Division of deposits among depositories; maximum amounts to be deposited; exception of insured funds from bond and collateral

 (a) The Commissioner of Finance shall, insofar as practicable, divide the deposits of governmental funds among banks or trust companies designated as depositories to receive such funds in accordance with the provisions of section 3301 of this title; Provided, however, That in no event shall the amount of the deposit or the daily deposit balances in any depository exceed, with reference to the requirements of this chapter as to depository bond or collateral— (1) the penalty on the bonds; or (2) the full face value of the collateral; or (3) the penalty on the bonds plus the full face value of the collateral, if both are furnished. (b) In fixing the amount of the collateral and in regulating the amount of governmental deposits the Commissioner of Finance shall except from the surety bond and collateral security any portion of governmental funds which are insured by the Federal Deposit Insurance Corporation.
V.I. Code tit. 33, § 3308 (2019)
2019 US Virgin Islands Code|Title 33 - Taxation and Finance|Subtitle 3 - Finance|Chapter 117 - The Public Monies|§ 3308. Statement of financial condition of depository or surety

 When the Commissioner of Finance deems necessary, he may require any depository of governmental funds or any surety on a depository bond to furnish a sworn statement of the financial condition of the depository or surety. Failure to render a statement within a reasonable time is sufficient grounds for revocation of a designation. Any person who makes a false statement to the Commissioner of Finance with regard to the financial condition of a depository or a surety on a depository bond shall be fined not more than $200 or imprisoned not more than 1 year, or both.
V.I. Code tit. 33, § 3309 (2019)
2019 US Virgin Islands Code|Title 33 - Taxation and Finance|Subtitle 3 - Finance|Chapter 117 - The Public Monies|§ 3309. Deposit, withdrawal and substitution of collateral

 A depository may deposit, at any time during the period of its designation, additional collateral, withdraw excess collateral, and substitute other collateral for all or part of that on deposit, provided the collateral so substituted is of the kind designated in section 3304 of this title.
V.I. Code tit. 33, § 3310 (2019)
2019 US Virgin Islands Code|Title 33 - Taxation and Finance|Subtitle 3 - Finance|Chapter 117 - The Public Monies|§ 3310. Types of deposits

 Deposits in depositories shall be divided into two classes to be known as active and inactive. A depository may be designated as a depository of both classes. All Virgin Islands government funds, and federal funds to be utilized by the government of the United States Virgin Islands pursuant to the Revised Organic Act of the Virgin Islands, deposited in active deposits in a depository are subject to withdrawal by the Commissioner of Finance upon demand and no interest shall accrue on these deposits. All governmental funds and federal funds to be utilized by the government of the Virgin Islands pursuant to the Revised Organic Act of the Virgin Islands, not required to meet the government's current disbursements shall be deposited in inactive deposits in depositories and interest shall accrue on these deposits at a rate of not less than one-twentieth of one per cent. It is the intent of the Legislature that the interest rates on inactive deposits shall be determined by the Governor from time to time, in accordance with the current rates of interest paid on similar types of deposits on state and local government funds in the continental United States and/or the average yield of United States treasury bills over the six month interest period.
V.I. Code tit. 33, § 3311 (2019)
2019 US Virgin Islands Code|Title 33 - Taxation and Finance|Subtitle 3 - Finance|Chapter 117 - The Public Monies|§ 3311. Deposit of government funds

 It shall be the duty of the Commissioner of Finance to deposit any public monies of the government or any trust fund, or other monies entrusted to him for disbursement in any of the depositories designated by him and to withdraw from the same only as may be required for payment to be made by him pursuant to law.
V.I. Code tit. 33, § 3312 (2019)
2019 US Virgin Islands Code|Title 33 - Taxation and Finance|Subtitle 3 - Finance|Chapter 117 - The Public Monies|§ 3312. Closing of depository deemed a default

 The closing of a depository shall be deemed a default by the depository and no demands by the Virgin Islands or by its officers will be necessary to establish such default. When a depository closes, any time deposit therein is immediately due and payable.
V.I. Code tit. 33, § 3313 (2019)
2019 US Virgin Islands Code|Title 33 - Taxation and Finance|Subtitle 3 - Finance|Chapter 117 - The Public Monies|§ 3313. Virgin Islands preferred creditor

 In any proceedings to wind up an insolvent depository, the government is a preferred creditor. Where a bond has been given by a depository the government may proceed either as a preferred creditor against the assets of the insolvent depository or as the obligee on the surety bond against the surety thereon or against both as the Governor deems advisable. If the government receives or recovers any amount of its claim from the surety, the latter is not, by reason thereof, subrogated to the claim of the government against the assets of the insolvent depository as a preferred creditor.
V.I. Code tit. 33, § 3314 (2019)
2019 US Virgin Islands Code|Title 33 - Taxation and Finance|Subtitle 3 - Finance|Chapter 117 - The Public Monies|§ 3314. Revocation of designation as depository

 The Commissioner of Finance for good and sufficient reasons may revoke the designation of any depository at any time. Upon revocation of a depository the Commissioner of Finance shall withdraw the governmental funds deposited therein immediately and shall make no further deposits therein.
V.I. Code tit. 33, § 3315 (2019)
2019 US Virgin Islands Code|Title 33 - Taxation and Finance|Subtitle 3 - Finance|Chapter 117 - The Public Monies|§ 3315. Regulations

 The Commissioner of Finance is authorized to prescribe regulations governing the acceptance of collateral securities to guarantee public funds deposited with banking institutions and for designation of depositories to hold in escrow collateral securities pledged pursuant to sections 3301–3316 of this title.
V.I. Code tit. 33, § 3316 (2019)
2019 US Virgin Islands Code|Title 33 - Taxation and Finance|Subtitle 3 - Finance|Chapter 117 - The Public Monies|§ 3316. Governmental funds defined

 The term “governmental funds” as used in sections 3301–3315 of this title shall mean all funds of the government of the United States Virgin Islands and of its various agencies, authorities and instrumentalities.
V.I. Code tit. 33, § 3317 (2019)
2019 US Virgin Islands Code|Title 33 - Taxation and Finance|Subtitle 3 - Finance|Chapter 117 - The Public Monies|§ 3317. Deposit without deduction

 The gross amount of all monies received from whatever source for the use of the Virgin Islands shall be paid by the officer or agent receiving the same into the treasury of the Virgin Islands, at as early a day as practicable, without any abatement or deduction on account of salary, fees, costs, charges, expenses, or claim of any description whatever.
V.I. Code tit. 33, § 3318 (2019)
2019 US Virgin Islands Code|Title 33 - Taxation and Finance|Subtitle 3 - Finance|Chapter 117 - The Public Monies|§ 3318. Penalty for withholding money

 Every officer or agent who neglects or refuses to comply with the provisions of section 3317 of this title shall be removed from office, and shall forfeit to the Virgin Islands any share or part of the monies withheld, to which he might otherwise be entitled.
V.I. Code tit. 33, § 3319 (2019)
2019 US Virgin Islands Code|Title 33 - Taxation and Finance|Subtitle 3 - Finance|Chapter 117 - The Public Monies|§ 3319. Rendering accounts generally

 Except as otherwise provided, every officer or agent of the Virgin Islands who receives public money which he is not authorized to retain as salary, pay or emolument, shall render his accounts monthly. Such accounts, with the vouchers necessary to the correct and prompt settlement thereof, shall be sent to the bureau to which they pertain, and, after examination there, shall be passed to the office of the Government Comptroller of the Virgin Islands for settlement. In case of nonreceipt at the office of the Government Comptroller or proper bureau of any accounts within a reasonable and proper time thereafter, the officer whose accounts are in default shall be required to furnish satisfactory evidence of having complied with the provisions of this section. Nothing in this section, however, shall be construed to restrain the heads of any of the departments from requiring such other returns or reports from the officer or agent, subject to the control of such heads of departments, as the public interest may require.
V.I. Code tit. 33, § 3320 (2019)
2019 US Virgin Islands Code|Title 33 - Taxation and Finance|Subtitle 3 - Finance|Chapter 117 - The Public Monies|§ 3320. Rendering accounts; disbursing officers

 All disbursing officers of the Virgin Islands shall render their accounts quarterly; but the Government Comptroller of the Virgin Islands may direct any or all such accounts to be rendered more frequently when in his judgment the public interest may require.
V.I. Code tit. 33, § 3321 (2019)
2019 US Virgin Islands Code|Title 33 - Taxation and Finance|Subtitle 3 - Finance|Chapter 117 - The Public Monies|§ 3321. Rendering accounts; distinct accounts required

 All officers, agents, or other persons receiving public monies shall render distinct accounts of the application thereof, according to the appropriation under which the same may have been advanced to them.
V.I. Code tit. 33, § 3322 (2019)
2019 US Virgin Islands Code|Title 33 - Taxation and Finance|Subtitle 3 - Finance|Chapter 117 - The Public Monies|§ 3322. Suits to recover money from officers

 Whenever any person accountable for public money, neglects or refuses to pay into the treasury the sum or balance reported to be due the Virgin Islands, upon the adjustment of his account, the United States attorney for the Virgin Islands shall institute an action for the recovery of the same, adding to the sum stated to be due on such account, the commissions of the delinquent, which shall be forfeited in every instance where an action is commenced and judgment obtained thereon, and an interest of 6% per annum, from the time of receiving the money until it shall be repaid into the treasury.
V.I. Code tit. 33, § 3323 (2019)
2019 US Virgin Islands Code|Title 33 - Taxation and Finance|Subtitle 3 - Finance|Chapter 117 - The Public Monies|§ 3323. Distress warrant

 Whenever any collector of the revenue, receiver of public money or other officer who has received the public money before it is paid into the treasury of the Virgin Islands, fails to render his account, or pay over the same in the manner or within the time required by law, it shall be the duty of the Government Comptroller to cause to be stated the account of such officer, exhibiting truly the amount due to the Virgin Islands, and to certify the same to the United States attorney for the Virgin Islands, who shall issue a warrant of distress against the delinquent officer and his sureties, directed to the marshal of the district court.
V.I. Code tit. 33, § 3324 (2019)
2019 US Virgin Islands Code|Title 33 - Taxation and Finance|Subtitle 3 - Finance|Chapter 117 - The Public Monies|§ 3324. Distress warrant; contents

 The warrant of distress shall specify the amount with which such delinquent is chargeable, and the sums, if any, which have been paid.
V.I. Code tit. 33, § 3325 (2019)
2019 US Virgin Islands Code|Title 33 - Taxation and Finance|Subtitle 3 - Finance|Chapter 117 - The Public Monies|§ 3325. Warrant of distress; execution against officer

 The marshal authorized to execute any warrant of distress shall, by himself or by his deputy, proceed to levy and collect the sum remaining due, by distress and sale of the goods and chattels of such delinquent officer; having given 10 days' previous notice of such intended sale, by affixing an advertisement of the articles to be sold at two or more public places in the town and judicial division where the goods or chattels were taken, or in the town or judicial division where the owner of such goods or chattels may reside. If the goods and chattels be not sufficient to satisfy the warrant, the same may be levied upon the person of such officer, who may be committed to prison there to remain until discharged by due course of law.
V.I. Code tit. 33, § 3326 (2019)
2019 US Virgin Islands Code|Title 33 - Taxation and Finance|Subtitle 3 - Finance|Chapter 117 - The Public Monies|§ 3326. Distress warrant; execution against surety

 If the delinquent officer absconds, or if goods and chattels belonging to him cannot be found sufficient to satisfy the warrant, the marshal or his deputy shall proceed, notwithstanding the commitment of the delinquent officer, to levy and collect the sum which remains due by such delinquent, by the distress and sale of the goods and chattels of his sureties; having given 10 days' previous notice of such intended sale by affixing an advertisement of the articles to be so sold at two or more public places in the town or judicial division where the goods and chattels were taken, or in the town or judicial division where the owner resides.
V.I. Code tit. 33, § 3327 (2019)
2019 US Virgin Islands Code|Title 33 - Taxation and Finance|Subtitle 3 - Finance|Chapter 117 - The Public Monies|§ 3327. Levy to be lien

 The amount due by a delinquent officer is declared to be a lien upon the lands, tenements and hereditaments of such officer and his sureties, from the date of a levy in pursuance of the warrant of distress issued against him or them, and a record thereof made in the office of the clerk of the district court of the proper judicial division, until the same is discharged according to law.
V.I. Code tit. 33, § 3328 (2019)
2019 US Virgin Islands Code|Title 33 - Taxation and Finance|Subtitle 3 - Finance|Chapter 117 - The Public Monies|§ 3328. Regulation of sale of lands

 For want of goods and chattels of a delinquent officer, or his sureties, sufficient to satisfy any warrant of distress issued pursuant to sections 3323–3327 of this title, the lands, tenements, and hereditaments of such officer and his sureties, or so much thereof as may be necessary for that purpose, after being advertised for at least three weeks in a public place in or near the office of the clerk of the district court in the judicial division or jurisdiction where such real estate is situate, before the time of sale, shall be sold by the marshal or his deputy.
V.I. Code tit. 33, § 3329 (2019)
2019 US Virgin Islands Code|Title 33 - Taxation and Finance|Subtitle 3 - Finance|Chapter 117 - The Public Monies|§ 3329. Conveyance of lands

 For all lands, tenements or hereditaments sold in pursuance of section 3328 of this title, the conveyance of the marshal or his deputy, executed in due form of law, shall give a valid title against all persons claiming under such delinquent officer or his sureties.
V.I. Code tit. 33, § 3330 (2019)
2019 US Virgin Islands Code|Title 33 - Taxation and Finance|Subtitle 3 - Finance|Chapter 117 - The Public Monies|§ 3330. Disposal of surplus

 All monies which may remain of the proceeds of sales, after satisfying the warrant of distress, and paying the reasonable costs and charges of the sale, shall be returned to such delinquent officer or surety, as the case may be.
V.I. Code tit. 33, § 3331 (2019)
2019 US Virgin Islands Code|Title 33 - Taxation and Finance|Subtitle 3 - Finance|Chapter 117 - The Public Monies|§ 3331. Failure of disbursing officer to account

 Whenever any officer in the service of the government, to disburse the public money appropriated for a branch of the public service, fails to render his accounts, or to pay over, in the manner and in the times required by law, or by the regulations of the department to which he is accountable, any sum of money remaining in his hands, it shall be the duty of the Government Comptroller of the Virgin Islands to cause to be stated and certified the account of such delinquent officer to the United States attorney, who is authorized and required immediately to proceed against such delinquent officer, in the manner directed in sections 3325–3330 of this title.
V.I. Code tit. 33, § 3332 (2019)
2019 US Virgin Islands Code|Title 33 - Taxation and Finance|Subtitle 3 - Finance|Chapter 117 - The Public Monies|§ 3332. Extent of application of provision for distress warrants

 All the provisions relating to the issuing of a warrant of distress against a delinquent officer shall extend to every officer of the government charged with the disbursement of the public money, and to their sureties, in the same manner and to the same extent as if they were described and enumerated in sections 3323–3335 of this title.
V.I. Code tit. 33, § 3333 (2019)
2019 US Virgin Islands Code|Title 33 - Taxation and Finance|Subtitle 3 - Finance|Chapter 117 - The Public Monies|§ 3333. Postponement of proceedings for nonaccounting

 With the approval of the Commissioner of Finance, the institution of proceedings by a warrant of distress may be postponed, for a reasonable time, in cases where, in his opinion, the public interest will sustain no injury by such postponement.
V.I. Code tit. 33, § 3334 (2019)
2019 US Virgin Islands Code|Title 33 - Taxation and Finance|Subtitle 3 - Finance|Chapter 117 - The Public Monies|§ 3334. Injunction to stay distress warrant

 Any person who considers himself aggrieved by any warrant of distress issued under the provisions of sections 3323–3333 of this title may file a complaint in the district court, setting forth therein the nature and extent of the injury of which he complains; and thereupon the court may grant an injunction to stay proceedings on such warrant altogether, or for so much thereof as the nature of the case requires. But no injunction shall issue till the party applying for it gives bond, with sufficient security, in a sum to be prescribed by the court, for the performance of such judgment as may be awarded against him; nor shall the issuing of such injunction in any manner impair the lien produced by the issuing of the warrant. And the same proceedings shall be had on such injunctions as in other cases, except that no answer shall be necessary on the part of the government of the United States Virgin Islands; and, if, upon dissolving the injunction, it appears to the satisfaction of the court that the application for the injunction was merely for delay, the court may add to the lawful interest assessed on all sums found due against the complainant such damages as, with such lawful interest, shall not exceed the rate of 10 percent per year.
V.I. Code tit. 33, § 3335 (2019)
2019 US Virgin Islands Code|Title 33 - Taxation and Finance|Subtitle 3 - Finance|Chapter 117 - The Public Monies|§ 3335. Rights of the Virgin Islands preserved

 Nothing contained in the provisions of sections 3323–3334 of this title relating to distress warrants shall be construed to take away or impair any right or remedy which the Virgin Islands might have, by law, for the recovery of taxes, debts or demands.