reglab/housing_qa huggingface dataset:
V.I. Code tit. 29, § 1022 (2019)
2019 US Virgin Islands Code|Title 29 - Public Planning and Development|Chapter 20 - Tobacco Settlement Financing Corporation|§ 1022. Definitions

 For the purposes of this chapter, the term: (a) “Bonds” means the taxable or tax-exempt asset-backed bonds, notes or other obligations, authorized to be issued by the Corporation pursuant to this chapter. (b) “Corporation” means the Tobacco Settlement Financing Corporation established by section 1024 under this chapter. (c) “Government” means the Government of the Virgin Islands. (d) “Master Settlement Agreement” means the settlement agreement and related documents, as they may be amended from time to time, entered into on November 23, 1998, by the Government, 46 states and five other United States jurisdictions and the leading United States tobacco product manufactures. (e) “Purchase Agreement” means a contract, as authorized under section 1023 of this chapter, between the Corporation and the Government, under which the Government sells to the Corporation, except the right to enforce the Master Settlement Agreement, all of the Government's right, title, and interest in certain payments received and to be received by the Government under the Master Settlement Agreement, including all the moneys, and any interest thereon, payable to or received by the Government under the Master Settlement Agreement, except for the payments that have been received by the Government prior to February 1, 2001, in exchange for a cash payment from the net proceeds of the sale of the Bonds. (f) “Residual Bond” means a Bond held in the Tobacco Settlement Health Care and Capital Improvement Fund established by title 33, chapter 111, section 3100b, Virgin Islands Code Act No. 6360, evidencing the Residual Interest. (g) “Residual Interest” means that portion of any payments received by the Corporation under the Master Settlement Agreement, if any, which is not annually required to: (1) repay the holders of the Bonds, other than the Residual Bond; (2) establish, maintain or replenish any reserve funds created in connection with the issuance of the Bonds, other than the Residual Bond; (3) pay any other obligations of the Corporation, other than the Residual Bond incurred in connection with the issuance of the Bonds; or (4) pay the actual, reasonable and necessary expenses of the Corporation. (h) “Virgin Islands” means the Virgin Islands.
V.I. Code tit. 29, § 1023 (2019)
2019 US Virgin Islands Code|Title 29 - Public Planning and Development|Chapter 20 - Tobacco Settlement Financing Corporation|§ 1023. Sale of rights under Master Settlement Agreement

 (a) For the purpose of the funding of the healthcare projects described in title 33, chapter 111, section 3100b(c), Virgin Islands Code, the Government may sell to the Corporation all of the Government's right, title, and interest in and to the Master Settlement Agreement, including all the moneys, and any interest thereon, payable to or received by the Government thereunder except for the payments which have been received by the Government prior to February 1, 2001, in exchange for a cash payment in the amount of net sales proceeds of the Bonds and the Residual Bond, if any. (b) Subject to the authorization and restrictions of this chapter, the terms and conditions of the Purchase Agreement shall be determined by the Governor, which determination shall be conclusively evidenced by his execution of the Purchase Agreement. The Governor may execute and deliver any administrative or other documents or agreements that are necessary or desirable relating to the sale of the Government's rights, title, and interests in certain payments received or to be received by the Government under the Master Settlement Agreement or in connection with the issuance of the Bonds. Proceeds from the sale of the Bonds and other moneys received by the Corporation pursuant to the Purchase Agreement will be used to fund the healthcare projects as described in title 33, section 3100b(c), Virgin Islands Code, as well as to pay capitalized interest and costs of issuing of the Bonds, to establish and fund reserve funds, and to pay other expenses and fees related to the issuance of the Bonds. The net proceeds from the sale of Bonds to be used to fund such healthcare projects shall be deposited in the Tobacco Settlement Health Care and Capital Improvement Fund established by title 33, section 3100b, Virgin Islands Code. In no event shall amounts in the Fund be available or be applied for payment of the Bonds or any claim against the Corporation or any debt or obligation of the Corporation.
V.I. Code tit. 29, § 1026 (2019)
2019 US Virgin Islands Code|Title 29 - Public Planning and Development|Chapter 20 - Tobacco Settlement Financing Corporation|§ 1026. Obligations while Bonds outstanding

 (a) The existence of the Corporation shall be perpetual; provided, that the board of directors by majority vote, including both of the independent members, may dissolve the Corporation when the Bonds, the Residual Bond, if any and all other obligations of the Corporation incurred with respect to the issuance of the Bonds have been repaid or their repayment has been provided for fully, and the existence of the Corporation shall terminate when adequate provision has been made for the payment of all other debts and obligations, and the winding up of the affairs of the Corporation. No assets or earnings of the Corporation shall inure to a private person or entity. Upon dissolution of the Corporation, title to all property of the Corporation shall vest in and become the property of the Government. (b) As long as the Bonds are outstanding: (1) The Corporation shall not dissolve or file a voluntary petition under any bankruptcy legislation in effect from time to time or sell all, or substantially all, of its assets; (2) No public officer, organization, entity, or other person may authorize the Corporation to be or become a debtor under any bankruptcy legislation in effect from time to time; and (3) The Corporation shall not take any action that materially and adversely affects the rights of the holders of the Bonds or other obligations issued by it.
V.I. Code tit. 29, § 1027 (2019)
2019 US Virgin Islands Code|Title 29 - Public Planning and Development|Chapter 20 - Tobacco Settlement Financing Corporation|§ 1027. True sale

 The transfer of the Government's right, title, and interest in and to the Master Settlement Agreement to the Corporation or any assignee which the parties have in the governing documentation expressly stated to be a sale or other absolute transfer shall be treated as an absolute transfer of all of the Government's right, title, and interest, as in a true sale, and not as a pledge or other financing, of the Government's right, title, and interest in certain payments received and to be received by the Government under the Master Settlement Agreement, including the moneys payable or received thereunder and any interest thereon, except for the payments that have been received by the Government prior to February 1, 2001. The grant to the holders of the Bonds of a security interest in, and a lien on, all of the Corporation's right, title, and interest in and to the Master Settlement Agreement, including the moneys payable or received thereunder and any interest thereon, except for the payments that have been received by the Government prior to February 1, 2001, the provision by the Government of any credit enhancement with respect to the Bonds, or the characterization of the transaction for accounting purposes or securities regulation shall not impair or negate the characterization of any transfer as a true sale. The transfer of the Government's right, title and interest in certain payments received and to be received by the Government under the Master Settlement Agreement to the Corporation or to any assignee shall be irrevocable and shall be deemed perfected as against third persons having claims in tort, contract or otherwise, including any judicial lien creditors, when a sale or transfer of the right, title, and interest in and to the Master Settlement Agreement in writing has been executed and delivered by the Government to the Corporation or any assignee.
V.I. Code tit. 29, § 1028 (2019)
2019 US Virgin Islands Code|Title 29 - Public Planning and Development|Chapter 20 - Tobacco Settlement Financing Corporation|§ 1028. Master Settlement Agreement and Model Statute valid and enforceable

 Notwithstanding any other law, the Master Settlement Agreement and the Model Statute referred to in the Master Settlement Agreement are each valid and enforceable in accordance with their respective terms.
V.I. Code tit. 29, § 1029 (2019)
2019 US Virgin Islands Code|Title 29 - Public Planning and Development|Chapter 20 - Tobacco Settlement Financing Corporation|§ 1029. Performance of Master Settlement Agreement

 Article XII of the Master Settlement Agreement imposes continuing and material obligations on the Government, and a failure by the Government to continue performing those obligations shall constitute a material breach excusing the performance of the other parties to the Master Settlement Agreement.
V.I. Code tit. 29, § 1030 (2019)
2019 US Virgin Islands Code|Title 29 - Public Planning and Development|Chapter 20 - Tobacco Settlement Financing Corporation|§ 1030. Severability

 If a provision of this chapter or its application to a person or circumstances is held invalid, the invalidity shall not affect other provisions or applications of this chapter, which can be given effect without the invalid provisions, or application.
V.I. Code tit. 29, § 1051 (2019)
2019 US Virgin Islands Code|Title 29 - Public Planning and Development|Chapter 20A - Caribbean Cultural Heritage Center and Park Act|§ 1051. Short title

 This chapter may be cited as the “Caribbean Cultural Heritage Center Act of 2001”.
V.I. Code tit. 29, § 1052 (2019)
2019 US Virgin Islands Code|Title 29 - Public Planning and Development|Chapter 20A - Caribbean Cultural Heritage Center and Park Act|§ 1052. Definitions

 For the purposes of this chapter, the term: (a) “Bonds” means the taxable or tax-exempt bonds, notes or other obligations, authorized to be issued by the Corporation pursuant to this chapter. (b) “Carifest Center and Park” means the cultural center, parking facilities, park and other permitted or authorized uses. (c) “Corporation” means the Caribbean Cultural Heritage Center and Discovery Park Corporation established under section 1053 of this chapter. (d) “Government” means the Government of the Virgin Islands. (e) “PFA” means the Virgin Islands Public Finance Authority as established under chapter 15 of this title. (f) “Virgin Islands” means the Virgin Islands.
V.I. Code tit. 29, § 1054 (2019)
2019 US Virgin Islands Code|Title 29 - Public Planning and Development|Chapter 20A - Caribbean Cultural Heritage Center and Park Act|§ 1054. Board of Directors

 (a) The Corporation shall be governed by a Board of Directors consisting of five members appointed by the Governor. (b) The Board of Directors shall be appointed by the Governor within 30 calendar days after the effective date of this chapter or 180 days after the date of a vacancy. Three of the board members shall serve a term of three years, and two of the board members shall serve a term of four years, except that a board member selected to fill a vacancy occurring before the end of the term for which his predecessor was selected shall serve only until the end of the term. The Chairman of the Board shall be elected by a majority of the Board of Directors of the Corporation. A board member may serve after the expiration of his term until his successor has taken office.
V.I. Code tit. 29, § 1056 (2019)
2019 US Virgin Islands Code|Title 29 - Public Planning and Development|Chapter 20A - Caribbean Cultural Heritage Center and Park Act|§ 1056. Bonds of the Corporation legal investments for public or private funds

 (a) The Bonds shall be securities in which all public officers and bodies of the Government and all agencies, instrumentalities, commissions, authorities, and political subdivisions thereof, all insurance companies and associations and other persons carrying on an insurance business, all banks, bankers, trust companies, savings banks and savings associations, including savings and loan associations, building and loan associations, investment companies and other persons carrying on a banking business, and all other persons whatsoever who are now or may hereafter be authorized to invest in bonds or other obligations of the Corporation, may properly and legally invest funds including capital in their control or belonging to them. (b) The Bonds shall be securities which may be deposited with and shall be received by all public officers and bodies of the Government and all agencies, instrumentalities, commissions, authorities, and political subdivisions thereof, for any purpose for which the deposit of bonds or other obligations of the Corporation is now or may hereafter be authorized.
V.I. Code tit. 29, § 1057 (2019)
2019 US Virgin Islands Code|Title 29 - Public Planning and Development|Chapter 20A - Caribbean Cultural Heritage Center and Park Act|§ 1057. Agreement of the Government of the Virgin Islands

 The Government pledges to the Corporation and the holders of the bonds that the Government will not in any way impair the rights and remedies of the holders of the bonds, until the bonds and the interest thereon and the interest on any unpaid installments of interest and all costs and expenses in connection with any action or proceedings by or on behalf of the holders of the bonds are fully met and discharged. Without limiting the foregoing, the Government pledges to the Corporation and the holders of the bonds that the Government shall not enact any law permitting the Corporation to be a debtor under any bankruptcy or similar law until all obligations of the Corporation to the holders of the Bonds are fully met and discharged. The Corporation may recite these pledges of the Government in any agreement with the holders of the bonds.
V.I. Code tit. 29, § 1058 (2019)
2019 US Virgin Islands Code|Title 29 - Public Planning and Development|Chapter 20A - Caribbean Cultural Heritage Center and Park Act|§ 1058. Dissolution of the Corporation

 Subject to the provisions of title 13 chapter 1 of the Code, relating to dissolution and winding up the affairs of the corporation, by majority vote, the Board may dissolve the Corporation when the bonds, and all other obligations of the Corporation incurred with respect to the issuance of the bonds have been repaid or their repayment has been provided for fully, and adequate provision has been made for the payment of all other debts and obligations to any person or entity. Upon dissolution of the Corporation, all of the Corporation's rights and properties shall vest in and become the rights and property of the Government.
V.I. Code tit. 29, § 1059 (2019)
2019 US Virgin Islands Code|Title 29 - Public Planning and Development|Chapter 20A - Caribbean Cultural Heritage Center and Park Act|§ 1059. Corporate contribution

 The Corporation shall pay to the Government of the Virgin Islands: (a) Two percent of its net income to be used to provide for cultural education for students and teachers and entrepreneurial programs for students; (b) Two percent of its net income to be used by the Department of Health for cancer care, hemodialysis and prenatal care; and (c) Two percent of its net income as a contribution to the Union Arbitration Award and Government Employees increment Fund.
V.I. Code tit. 29, § 1060 (2019)
2019 US Virgin Islands Code|Title 29 - Public Planning and Development|Chapter 20A - Caribbean Cultural Heritage Center and Park Act|§ 1060. Severability

 If a provision of this chapter or its application to a person or circumstances is held invalid, the invalidity shall not affect other provisions or applications of this chapter which can be given effect without the invalid provisions or application.
V.I. Code tit. 29, § 1100 (2019)
2019 US Virgin Islands Code|Title 29 - Public Planning and Development|Chapter 21 - Economic Development Authority|§ 1100. Statement of purpose

 The purpose of this chapter is to create an umbrella authority to assume, integrate and unify the functions of the Economic Development Bank, the Economic Development Commission, the Industrial Park Development Corporation, and the Small Business Development Agency (hereinafter referred to as GDB, EDC, IPDC, and SBDA respectively) under one executive board in order to achieve maximum efficiency of operations, avoid duplication of services, positions and responsibilities, reduce expenses for personnel, physical plant and operations and develop comprehensive programs for the economic development of the Territory by exercising the powers and duties of all four former entities, in conjunction with one another, and in the context of the overall goal of promoting and enhancing the economic development of the Territory. It is the intent of this chapter to allow the subsidiary corporations and entities to maintain distinct identities and to function independently of one another, only to the extent necessary to perform their distinct functions and objectives, but in all other cases to function in an integrated fashion. This chapter shall be liberally construed to achieve those purposes and goals.
V.I. Code tit. 29, § 1101 (2019)
2019 US Virgin Islands Code|Title 29 - Public Planning and Development|Chapter 21 - Economic Development Authority|§ 1101. Creation

 (a) To aid the Government in the performance of its duties to develop the economy of the Virgin Islands, there is hereby created a body corporate and politic constituting a public corporation and semi-autonomous instrumentality of the Government of the Virgin Islands, by the name of the “Virgin Islands Economic Development Authority”, (hereinafter “the Authority”), which shall be governed by a board consisting of seven (7) persons appointed by the Governor, pursuant to section 1002 of this chapter. (b) The Authority hereby created is and shall be a semi-autonomous governmental instrumentality subject, as provided in Section 11 of the Revised Organic Act, to the general supervision and direction of the Governor, and as provided for herein, to the control of its Governing Board. It is a public corporation having legal existence and personality separate and apart from the Government of the Virgin Islands and the officers controlling it. Further, subject to section 1010 of this title, the debts, obligations contracts, bonds, notes, debentures, receipts, expenditures, accounts, funds, facilities, and property of the Authority shall be deemed to be those of the Authority and not to be those of the Government of the Virgin Islands, or any office, bureau, department, agency, commission, municipality, branch, agent, officer, or employee thereof.
V.I. Code tit. 29, § 1104 (2019)
2019 US Virgin Islands Code|Title 29 - Public Planning and Development|Chapter 21 - Economic Development Authority|§ 1104. Exemption of Authority from taxes

 The purpose for which the Authority is created and shall exercise its powers being a public purpose, unless otherwise expressly provided by law, the Authority shall not be required to pay any taxes or assessments on any of the property acquired or to be acquired by it, or on its operations or activities, or on the income derived from any of its operations or activities.
V.I. Code tit. 29, § 1105 (2019)
2019 US Virgin Islands Code|Title 29 - Public Planning and Development|Chapter 21 - Economic Development Authority|§ 1105. Annual report; publication

 The Authority shall submit to the Governor and Legislature annually, after the close of its fiscal year, a report of the business of the Authority for the preceding fiscal year.
V.I. Code tit. 29, § 1106 (2019)
2019 US Virgin Islands Code|Title 29 - Public Planning and Development|Chapter 21 - Economic Development Authority|§ 1106. Written transcripts of proceedings

 The Authority shall keep recordings or written transcripts of all of its proceedings and such recordings or transcripts shall be considered public documents. Transcripts shall be transcribed no later than 30 days after the date of the proceeding during which they were taken, and copies of such transcription or recordings shall be made available within a reasonable time of any request made by a resident of the territory subject to the right of the Authority to charge a reasonable fee for copying or transcription costs.
V.I. Code tit. 29, § 1107 (2019)
2019 US Virgin Islands Code|Title 29 - Public Planning and Development|Chapter 21 - Economic Development Authority|§ 1107. Competitive bidding

 (a) All purchases and contracts for supplies for services, except for personnel services, made by the Authority, including contracts for the construction of facilities of the Authority, shall be made after advertisement for bids, sufficiently in advance of opening bids, for the Authority to secure appropriate notice and opportunity for competition. Except that, where the expense estimated to be necessary in connection with the purchase or the expense estimated to be necessary in connection with the purchase or work does not exceed ten thousand ($10,000) dollars the same may be carried out without advertisement for bids. Further, advertisement for bids shall not be required when — (1) an emergency requires immediate delivery of the materials, supplies, equipment, or performance of the services; or (2) repair parts, accessories, or supplemental equipment or services are required for supplies or service previously furnished or contracted for; or (3) professional, financial, (including financial printing) design/build or other expert services or work are required and the Authority shall deem it in the best interest of good administration that contracts therefor be made without such advertisement; or (4) prices are noncompetitive because there is only one source of supply or because regulated under law. In such case the purchase of such materials, supplies, or equipment, or procurement of such services, may be made in the open market in the manner usual in commercial practice. In the comparison of bids and the making of awards, due consideration shall be given to such factors (in addition to whether the bidder has complied with the specifications) as the bidder's ability to perform work of the kind involved in the contract under consideration; the relative quality and adaptability of materials, supplies, equipment, or services; and the time of delivery or performance offered. The Authority may prescribe rules and regulations for the submission of bids. (b) Any contract, purchase agreement or other instrument of sale accepted by the Authority shall contain an enforceable performance guarantee by the seller.
V.I. Code tit. 29, § 1108 (2019)
2019 US Virgin Islands Code|Title 29 - Public Planning and Development|Chapter 21 - Economic Development Authority|§ 1108. Other assistance of Government of the Virgin Islands

 (a) For the purpose of further aiding the Authority in accomplishing its purpose and goals, any department or agency of the Virgin Islands or any political subdivision thereof may, at the request of the Authority and upon such terms, with or without consideration, as the Governor or political subdivision shall determine — (1) dedicate, sell, convey, or lease any of its interest in any property or grant easements, licenses or any rights or privileges therein to the Authority; (2) cause services of the character which it is otherwise empowered to render to be furnished to the Authority. (b) Any sale, conveyance, lease or agreement provided for in this section may be made without appraisal, public notices, advertisement or public biding, notwithstanding any other laws to the contrary.