Senators authorize FEMA Community Disaster Loan essential to meet GVI obligations
ST. CROIX, U.S. VIRGIN ISLANDS – Governor Kenneth E. Mapp thanked members of the 32nd Legislature of the Virgin Islands for authorizing the Territory’s government to enter into a Federal Emergency Management Agency Community Disaster Loan. Senators approved the Government’s borrowing initiative during Friday’s session.
“By their affirmative vote, Senators have strengthened the cash liquidity of the Virgin Islands Government at a most critical time,” the Governor said. “Our vital public services can be sustained.”
The funds will be used to finance existing essential functions of the Government’s operations, including, but not limited to, the operations of the Juan F. Luis Hospital and Medical Center, the Roy Lester Schneider Regional Medical Center, the Virgin Islands Waste Management Authority, and the University of the Virgin Islands.
U.S. Virgin Islands Finance Commissioner Valdamier Collens said he was encouraged that the Legislature had made progress on this important measure.
“I would like to express my profound gratitude to Senators for advancing this legislation and we look forward to reviewing the final bill as amended,” Commissioner Collens said.