COMMITTEE ON BUDGET, APPROPRIATIONS AND FINANCE 
 
 
BILL NO. 
36-0196 
 
Thirty-Sixth Legislature of the Virgin Islands 
 
 
 
October 27, 2025 
 
 
 
An act appropriating excess debt service reserve funds for certain capital projects in the territory 
 
 
 
PROPOSED BY: 
 
Senator Milton E. Potter, by Request of the Governor 
Be it enacted by the Legislature of the Virgin Islands: 
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SECTION 1.  The sum of $10,000,000, or so much of that sum as is necessary, is 
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appropriated in the fiscal year ending September 30, 2025, from the excess funds contained in 
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the Debt Service Reserve Fund established under the Indenture of Trust for the Gross Receipts 
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Taxes Revenue Bonds issued by the Virgin Islands Public Finance Authority to the Virgin 
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Islands Port Authority and the Department of Public Works for the following projects: 
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(a) 
Virgin Islands Port Authority –  
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1. 
demolition of the Adelita Cancryn Junior High School - $2,000,000; 
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2. 
dredging for maritime access projects - $6,000,000 
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(b) 
Department of Public Works – completion of the “Leonardo Nardo Trotman Drive” 
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expansion project - $2,000,000.  
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SECTION 2.  The sums appropriated in section 1 of this act remain available until 
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expended. 
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BILL SUMMARY 
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This bill appropriates the sum of $10,000,000 from the excess funds contained in the Debt 
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Service Reserve Fund established under the Indenture of Trust for the Gross Receipts Taxes 
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Revenue Bonds issued by the Virgin Islands Public Finance Authority for the demolition of the 
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Adelita Cancryn Junior High School, the expansion project for the Leonardo “Nardo” Trotman 
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Drive and the dredging for maritime access projects of the Virgin Islands Port Authority. 
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BR25-0820/August 28, 2025/AA 
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