Definitions

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  • For the purposes of this chapter, unless the context requires otherwise, the following words shall have the meanings set forth in this section:
    • (a) The term “Authority” shall mean the Virgin Islands Public Finance Authority created by this chapter.

    • (b) The term “Board” shall mean the Board of Directors of the Authority.

    • (c) The term “Bonds” shall mean the bonds, temporary bonds, refunding bonds, debentures, notes, interim bonds, receipts, certificates, certificates of participation or other evidences of indebtedness or obligations which are authorized to be issued by this chapter, but shall not include the debts or accounts incurred in the usual course of business for expenses of the Authority.

    • (d) The term “Holder of bonds” or “Bondholders” or any similar term shall mean any person who shall be the bearer of any outstanding bond or bonds registered to bearer, or not registered, or the registered owner of any outstanding bond or bonds which at the time shall be registered other than to bearer.


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