Committee on Finance

Kurt A. Vialet

Chair

Marvin A. Blyden

Vice Chair

Oakland Benta

Alicia V. Barnes

Dwayne M. DeGraff

Donna A. Frett-Gregory

Janelle K. Sarauw

The jurisdiction of Committee on Finance is entitled to meet every 1st and 3rd Tuesday of each month or at the discretion of the chairperson. Budget hearings conducted by the Committee on Finance preempt any other committee meetings when notice is given in accordance with section 509 of these Rules. The jurisdiction of the Committee on Finance

encompasses and the Committee shall:


(1) receive, consider and make recommendations on all appropriation bills, including, but not limited to, the annual budget of the Government of the Virgin Islands and bills of claim, but this jurisdiction does not extend to the allocation of appropriations for the expenses of the Legislature which falls within the jurisdiction of the Committee on Rules;


(2) receive, consider, and make recommendations on all bills relating to banks and banking, insurance and insurance companies, building and loan companies, and financial institutions of all kinds;


(3) receive, consider, and make recommendations on all bills affecting the raising of revenues for or expenditure of funds from the Treasury of the Government of the Virgin Islands, including public investments and bonds;


(4) review and investigate as it considers necessary the operations of the Department of Finance, the Bureau of Internal Revenue, the Office of the Virgin Islands Inspector General, the Virgin Islands Lottery, the Office of Management and Budget, the Department of Property and Procurement, the Office of the Inspector General, the Government Employees Retirement System and the financial affairs of all other departments and instrumentalities of the Government of the Virgin Islands not inconsistent with the applicable law;


(5) ascertain and report, from time to time, on the financial condition of the Government of the Virgin Islands;


(6) study, investigate and recommend, as it finds necessary, ways to meet the financial obligations, both existing and proposed, of the Government of the Virgin Islands;


(7) receive, consider and make recommendations on bills relating to any other board, commission or agency whose operation or nature of business is relevant to the operation of the Committee on Finance; and


(8) receive, consider and make recommendations on all lease, franchise, public/private, concession, tax incentive and other agreements requiring legislative ratification or approval.


(b) The general appropriation bills for the succeeding fiscal year covering items set forth in the budget must be passed or defeated in the Senate before it passes any appropriation bill for items not in the budget, except bills supplementing appropriations for the current fiscal year’s operation.


(c) Any bill containing an appropriation to carry out its purpose is considered an appropriation bill. Appropriation bills, when reported back to the Senate favorably by a committee other than the Committee on Finance must, together with amendments proposed by that committee, be referred to the Committee on Finance for consideration. One of the general appropriation bills as passed by the Senate must contain an itemized statement of estimated revenue by a major source in each operating fund for the ensuing fiscal year, the total of which may not be less than the total of all appropriations made from each fund in the general appropriation bills as passed.



Once you’ve clicked on a link and you need to Navigate Back or forward, Please use the “ALT+Left or Right Key”

District of St. Thomas-St. John / St. Croix

Legislature of the Virgin Islands

Capitol Building, Charlotte Amalie

P.O. Box 1690

St. Thomas United States Virgin Islands, 00804

(340)774-0880

Legislature of the Virgin Islands

St. Croix United States Virgin Islands, 00840

(340)773-2424