(a) No applicant for or holder of a casino license, nor any holding, intermediary or subsidiary company thereof, nor any officer, director, casino key employee or principal employee of an applicant or holder of a casino license or of any holding, intermediary or subsidiary company thereof nor any person or agent on behalf of any such applicant, holder, company or person, shall directly or indirectly, pay or contribute any money or thing of value to any candidate for nomination or election to any public office in the Territory, or to any committee of any political party in this Territory, or to any group, committee or association organized in support of any such candidate or political party.
(b) Political officeholders shall abide by the Code of Ethics to be promulgated by the Virgin Islands Casino Control Commission pursuant to section 412(b) of this title; the Code of Ethics shall be promulgated in conjunction with the applicable provisions of the Virgin Islands Code.