Definitions

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  • As used in this subchapter:
    • (1) “Commercial Zone” means that total area within the Territory that has been declared a commercial zone pursuant to title 29 Virgin Islands Code, Chapter 19, Subchapter I, Section 1003(11).

    • (2) “Commercial Zone Business” means any individual, partnership, corporation, limited liability company, proprietorship or other business entity granted benefits pursuant to this subchapter.

    • (3) “Commission” means the Enterprise Zone Commission, a public body created pursuant to title 29 Virgin Islands Code, chapter 19 section 1004.

    • (4) “Real Property” includes all lands, including improvements and fixtures thereon, and property of any nature appurtenant thereto or developed in connection therewith, and every estate, interest and right, legal or equitable, therein, including terms for years and liens by way of judgment, mortgage or otherwise and the indebtedness secured by such liens.

    • (5) Rehabilitation” means the reconstruction, alteration or repair of improvements, structures and buildings, in accordance with the requirements of the Virgin Islands Building Code, and other laws and regulations pertaining to building, fire prevention, health, housing, and zoning and also the use of land, and the use and occupancy of buildings and improvements.

    • (6) “Resident of the Virgin Islands” has the same meaning as that found in title 29, Virgin Islands Code, chapter 19, section 1003 (9)(a) and (b).


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