St. Thomas

St. John

St.Croix

Committee on Budget, Appropriations and Finance

The 35th Legislature’s Committee on Budget, Appropriations and Finance will meet on Tuesday, March 5, 2024, at 10:00 a.m. in the Earle B. Ottley Legislative Hall, St. Thomas, U.S. Virgin Islands.

BLOCK I

The Committee will receive testimony from the West Indian Company Limited on the following:

  • Financial overview of the West Indian Company Limited for FY 2023 and FY 2024.
  • Status of the outstanding amount owed to the central government on the payment in lieu of taxes.
  • Update on capital projects.

 Invited Testifier:

Mr. Anthony Ottley, President & Chief Executive Officer, The West Indian Company Limited

 BLOCK II

 Bill No. 35-0196        An Act to amend title 3, Virgin Islands Code, sections 717(c) and 766(c) to establish a deadline for the GERS to resume the personal loan program, remove the $10,000,000 annual aggregate amount and the 8% interest rate cap, limit the system’s liability to $75,000, and set a parameter in section 717 that all loans must be structured such that the payoff date occurs before the retiree reaches age 70.

Invited Testifiers:

Mr. Angel E. Dawson Jr., Administrator, Government Employees ’Retirement System

Mr. Dwane Callwood, Sr., Board Chairman, GERS Governing Board

 

 

Date

Mar 05 2024
Expired!

Time

10:00 am

Location

Earle B. Ottley Legislative Hall
Charlotte Amalie
Senator Donna A. Frett- Gregory

Organizer

Senator Donna A. Frett- Gregory
Phone
(340) 774-0880
Email
[email protected]
QR Code