UPDATE: Motion to review VI’s financial management for HOA today!
The sitting begins at 10 a.m.
Opposition member, 3rd District Representative Hon. Julian Fraser RA, will move a motion in the House of Assembly for a Special Select Committee to be appointed to review the Protocols for Effective Financial Management to determine the implications for the borrowing privileges of the Territory.
When the motion is moved, the committee, following their review, is expected to report their findings to the House.
Meanwhile, Premier and Minister for Finance Hon. Dr. D. Orlando Smith will also move a motion in the HOA to expand the list of Pioneer Services and Pioneer Enterprises provided in the First Schedule of the Ordinance. The motion is to accommodate new and emerging services and enterprises aimed at encouraging investment and enhancing the development of the Virgin Islands by allowing tax and customs duty relief to certain services that were not included before.
In addition, the motion to declare Gun Greek as a Customs Port will also be brought before the House.
Please see the HOA Order Paper here. Order Paper for the 7th Sitting of 1st Session of the 2nd HoA
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