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§ 754 — 754 — U.S. Virgin Islands Law | CourtGPT
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  7. 754
U.S. Virgin Islands Legal Code

754

U.S. Virgin Islands § 754 — U.S. Virgin Islands law

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As prescribed in section 717, five percent (5%) of the net income obtained from the Board’s functions related to this chapter for any given fiscal year must be remitted to the non-profit foundation, Taproots, Inc., and ten percent (10%) to the Cancer Care Fund administered by the Department of Human Services. The remittance must be made within 30 days of the end of each fiscal year. Taproot is an organization designed to train and educate individuals and families in self-help, self-improvement, and entrepreneurial techniques to render them capable of developing resources for themselves. In the event that Taproots ceases to function or is formally dissolved, the Board shall remit the applicable funds to the Virgin Islands Treasury.