48 USC § 1403a - Expenditure of bond proceeds for public improvements

---
identifier: "/us/usc/t48/s1403a"
source: "usc"
legal_status: "official_prima_facie"
title: "48 USC § 1403a - Expenditure of bond proceeds for public improvements"
title_number: 48
title_name: "TERRITORIES AND INSULAR POSSESSIONS"
section_number: "1403a"
section_name: "Expenditure of bond proceeds for public improvements"
chapter_number: 7
chapter_name: "VIRGIN ISLANDS"
subchapter_number: "I"
subchapter_name: "GENERAL PROVISIONS"
positive_law: false
currency: "119-84"
last_updated: "2026-04-17"
format_version: "1.1.0"
generator: "[email protected]"
source_credit: "(Oct. 27, 1949, ch. 769, § 2, 63 Stat. 941.)"
---


# § 1403a. Expenditure of bond proceeds for public improvements

section 1403 of this title

The proceeds of the bond issues or other obligations herein authorized shall be expended only for the public improvements set forth in , or for the reduction of the debt created by such bond issue or obligation, unless otherwise authorized by the Congress.

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**Source Credit**: (Oct. 27, 1949, ch. 769, § 2, 63 Stat. 941.)