(a) The term “Internal Revenue Code” shall mean the United States Internal Revenue Code of 1986, as amended.
(b) The term “private activity bond” shall have the meaning given such term by section 141 of the Internal Revenue Code.
(c) The term “Private Activity Bond Limitation” shall mean the annual ceiling on the issuance of Private Activity Bonds, as defined in section 146(c)(1) of the Internal Revenue Code, which is available to the Virgin Islands pursuant to the provisions of section 146 of the Internal Revenue Code.