EFTA00798878.pdf

E MuniPOINTS DPCDATA Report as of 06/23/2017 12:09:37 PM ET Issuer State: Virgin Islands Orig. Par Amount: $250,000,000 Issuer: VIRGIN ISLANDS PUB FIN AUTH REV Bond Type: Industrial Development Issue Description MATCHING FD LN-DIAGO-A Security Type: Enterprise Revenue Dated Date: 07/09/09 Min. Denom. / $100,000 x $5,000 Increment: Obligor(s) - Latest Annual Financial Date: VIRGIN ISLANDS PUBLIC FIN AUTH (VI) - (09/30/16) SOURCE: OFFICIAL STATEMENT Issuer Summary The Virgin Islands Public Finance Authority (the "Authority") was created in 1988 by United States Virgin Islands Act No. 5365 of the Legislature, as amended, as a public corporation and autonomous governmental instrumentality for the purposes of aiding the Government in the performance of its fiscal duties and in effectively carrying out its governmental responsibility of raising capital for essential public projects. The powers of the Authority are exercised by a Board of Directors consisting of seven members. Key Facts • Diageo USVI Inc. ("Diageo USVI") is a corporation duly organized and validly existing under the laws of the Virgin Islands. Diageo USVI is a direct, wholly-owned subsidiary of Selviac Nederland B.V. Diageo USVI was formed in June 2008, for the purpose of owning and operating the Diageo Project. Diageo USVI, which is part of the Diageo Group, constitute the world's leading premium drinks business with a broad collection of beverage alcohol brands across spirits, wine and beer categories. • The Diageo Project consists of a distillery (the "Distillery"), a washwater treatment facility (the "Washwater Treatment Facility") and separate barrel maturation warehouses (the "Warehouses") to be constructed on two separate parcels of land in Christiansted, St. Croix and to be owned and operated by Diageo USVI. • Diageo USVI expects to use the Distillery, the Washwater Treatment Facility and the Warehouses for the production and storage of bulk rum to be used in the Captain Morgan branded products exported by Diageo USVI to the United States. The Diageo Project also will include all related utilities, transportation improvements and facilities. Use of Proceeds • Proceeds of the Series 2009A Bonds will be used to (i) make a loan to the Government to provide a grant to Diageo USVI to finance the acquisition, design, construction, development and equipping of a rum production and maturation warehouse facility, and any improvements thereto, to be located on St. Croix, (ii) pay in full the principal and interest due on the Series 2009A Bond Anticipation Notes, (iii) pay capitalized interest on the Series 2009A Bonds, (iv) make a deposit to the Series 2009A Senior Lien Debt Service Reserve Subaccount in an amount necessary to meet the Series 2009A Debt Service Reserve Requirement and (v) pay the costs of issuing the Series 2009A Bonds. Bond Security • The Series 2009A Bonds are limited and special obligations of the Authority. Principal, premium, if any and interest on the Series 2009A Bonds are payable solely from the proceeds of repayment of the Series 2009A Loan Note and other amounts pledged pursuant to the subordinated Indenture. • Pursuant to the Subordinated Indenture, the Series 2009A Bonds are secured by the Diageo Trust Estate which includes: (i) all amounts deposited or required to be deposited in the Diageo Pledged Revenue Account, the Diageo Senior Lien Debt Service Account, the Senior Lien Debt Service Reserve Account and the Construction Account created Page I d 13 EFTA00798878  under the Subordinated Indenture; (ii) the Series 2009A Loan Note, and the proceeds and collections therefrom; (iii) all of the Authority's right and title to, and interest in the Series 2009A Loan Agreement; (iv) all of the Authority's right and title to, and interest in, the Diageo Matching Fund Revenues; • (v) all of the Authority's right and title to, and interest in, the proceeds from the sale of Series 2009A Bonds required to be deposited in the Series 2009A Construction Subaccounts pursuant to the provisions of the Subordinated Indenture and all right and title to, and interest in, the investments held in the Series 2009A Construction Accounts pursuant to the provisions of the Subordinated Indenture; and (vi) any and all other property or security interest, of every name and nature from time to time hereafter by delivery or by writing of any kind granted, bargained, sold, conveyed, transferred, mortgaged, pledged and assigned as and for additional security under the Subordinated Indenture. This report was not prepared by Morgan Stanley &Co. LLC or Morgan Stanley Smith Barney LLC (collectively, "Morgan Stanley" or "wes). It was prepared by DPC, an independent third party provider, is the sole responsibility of such third party and has not been independently verified by Morgan Stanley or any other independent third party. This report is for informational purposes only. It is intended to provide you with descriptions of material information related to the issuer and security at issue and is to be read in conjunction with other information sources including, but not limited to, the issuer Official Statement and Preliminary Official Statement, so that you may understand the features, characteristics and risks associated with this potential investment prior to your making an investment decision. It is based on public information as of the specified date. We are not obligated to provide updates to any information herein, although such information may be available through DPC and can be forwarded to you upon your request to your financial advisor. Morgan Stanley makes no express or implied representation or warranty with respect to any aspect of the content of the report, including the accuracy or completeness of the report, nor are we obligated to provide updated information on any information mentioned herein. This report is not an offer to buy or sell or a solicitation of any offer to buy or sell any security or other financial instrument or to participate in any trading strategy. Any such offer would be made only after an investor had completed an independent investigation, and received all information required to make their own investment decision, including, the offering documents. This report does not offer tax, regulatory, accounting or legal advice. Prior to entering into any proposed transaction, recipients should determine, in consultation with their own investment, legal, tax, regulatory and accounting advisors, the economic risks and merits, as well as the legal, tax, regulatory and accounting characteristics and consequences, of the transaction. The securities discussed in this report may not be suitable or appropriate for all investors, which will depend on an investors individual circumstances and objectives. The material contained herein has not been based on a consideration of any individual client circumstances and as such should not be considered to be a personal recommendation. Each taxpayer should seek advice based on the taxpayers particular circumstances from an independent tax advisor. Morgan Stanley is not acting as a fiduciary under either the Employee Retirement Income Security Act of 1974, as amended (IERISA*) or under section 4975of the Internal RevenueCode of 19136 as amended in providing this material. Morgan Stanley is not acting as a municipal advisor to any municipal entity or obligated person within the meaning of Section 15B of the Securities Exchange Act (s Municipal Advisor Rule"). Page 2 of 13 EFTA00798879  Repor: as of 0r.).23/.2011 12:09:31PM Er Issuer State: Virgin Islands Orig. Par Amount: $250,000,000 Issuer: VIRGIN ISLANDS PUB FIN AUTH REV Bond Type: Industrial Development Issue Description: MATCHING FD LN-DIAGO-A Security Type: Enterprise Revenue Dated Date: 07/09/09 Min. Denom./ $100,000 x $5,000 Increment: Obligor(s) - Latest Annual Financial Date: VIRGIN ISLANDS PUBLIC FIN AUTH (VI) - (09/30/16) SOURCE: OFFICIAL STATEMENT Primary Market Documents (1) Iig MuniDOCV Online 07/09/09 OS Virgin Islands MATCHING FD LN-DIAGO-A $250,000,000.00 view document Page 3 of 13 EFTA00798880  RODOr: as of 06/23/2C1; 12:091; PM ET Issuer State: Virgin Islands Orig. Par Amount: $250,000,000 Issuer: VIRGIN ISLANDS PUB FIN AUTH REV Bond Type: Industrial Development Issue Description: MATCHING FD LN-DIAGO-A Security Type: Enterprise Revenue Dated Date: 07/09/09 Min. Denom./ $100,000 x $5,000 Increment: Obligor(s) - Latest Annual Financial Date: VIRGIN ISLANDS PUBLIC FIN AUTH (VI) - (09/30/16) SOURCE: OFFICIAL STATEMENT Material Event Notices (24) MuniDOCS° Online 05/19/17 Rating Changes VARIOUS ISSUES view document 03/01/17 Rating Changes NEGATIVE IMPLICATIONS - VARIOUS ISSUES view document 01/31/17 Rating Changes NEGATIVE OUTLOOK- VARIOUS ISSUES view document 01/17/17 Rating Changes NEGATIVE WATCH - VARIOUS ISSUES view document 12/21/16 Rating Changes NEGATIVE WATCH - VARIOUS ISSUES view document 12/01/16 Rating Changes NEGATIVE OUTLOOK - VARIOUS ISSUES view document 11/10/16 Rating Changes NEGATIVE OUTLOOK- VARIOUS ISSUES view document 08/22/16 Rating Changes VARIOUS ISSUES view document 07/06/16 Rating Changes VARIOUS ISSUES view document 06/30/16 Rating Changes NEGATIVE OUTLOOK - VARIOUS ISSUES view document 06/13/16 Rating Changes VARIOUS ISSUES view document 05/31/16 Other NOTICE REGARDING VIPFA CONSIDERING DEBT REFINANCING - view document VARIOUS ISSUES 07/01/15 Failure to Provide VARIOUS ISSUES view document Annual Financial Information as Required 07/01/15 Failure to Provide VARIOUS ISSUES view document Annual Financial Information as Required 02/17/15 Failure to Provide VARIOUS ISSUES view document Annual Financial Information as Required 07/01/14 Failure to Provide VARIOUS ISSUES view document Annual Financial Page 4 of 13 EFTA00798881  7c£.ra in r Information as Required 02/19/14 Failure to Provide VARIOUS ISSUES view document Annual Financial Information as Required 08/29/13 Rating Changes STABLE OUTLOOK - REV BDS SR & SUBORDINATE LIEN (VIRGIN view document ISS MATCHING FD LN NT); SUB REV BDS SER 2009A (VIRGIN ISS MATCHING FD LN NT-DIAGEO PROJ) & (VIRGIN ISS MATCHING FD LN NT-CRUZAN PROJ) 08/29/13 Rating Changes STABLE OUTLOOK - REV BDS SR & SUBORDINATE LIEN (VIRGIN view document ISS MATCHING FD LN NT); SUB REV BDS SER 2009A (VIRGIN ISS MATCHING FD LN NT-DIAGEO PROJ) & (VIRGIN ISS MATCHING FD LN NT-CRUZAN PROJ) 08/28/13 Rating Changes STABLE OUTLOOK - REV BDS view document 06/28/13 Failure to Provide VARIOUS ISSUES view document Annual Financial Information as Required 06/29/12 Failure to Provide VARIOUS ISSUES view document Annual Financial Information as Required 08/09/11 Rating Changes REV BDS SR LIEN &SUBORDINATE LIEN (V I MATCHING FD LN NT); view document SUB REV BDS SER 2009A (V I MATCHING FD LN NT-DIAGEO & CRUZAN PROJ) 12/09/09 Rating Changes VARIOUS ISSUES view document Page 5 of 13 EFTA00798882  RODOr: as of06/23/101; 12:093; PM ET Issuer State: Virgin Islands Orig. Par Amount: $250,000,000 Issuer: VIRGIN ISLANDS PUB FIN AUTH REV Bond Type: Industrial Development Issue Description: MATCHING FD LN-DIAGO-A Security Type: Enterprise Revenue Dated Date: 07/09/09 Min. Denom. / $100,000 x $5,000 Increment: Obligor(s) - Latest Annual Financial Date: VIRGIN ISLANDS PUBLIC FIN AUTH (VI) - (09/30/16) SOURCE: OFFICIAL STATEMENT Continuing Disclosures (124) Muni006°Online 09/30/16 VI VIRGIN ISLANDS PUBLIC FIN AUTH CDR view document 09/30/16 VI VIRGIN ISLANDS PUBLIC FIN AUTH AFS view document 03/31/16 VI VIRGIN ISLANDS PUBLIC FIN AUTH CDR view document 01/14/16 VI VIRGIN ISLANDS PUBLIC FIN AUTH OS as CDR view document 12/31/15 VI VIRGIN ISLANDS PUBLIC FIN AUTH CDR view document 12/01/15 VI VIRGIN ISLANDS PUBLIC FIN AUTH CDR view document 10/01/15 VI VIRGIN ISLANDS PUBLIC FIN AUTH CDR view document 09/30/14 VI VIRGIN ISLANDS PUBLIC FIN AUTH CDR view document 08/27/14 VI VIRGIN ISLANDS PUBLIC FIN AUTH Other view document 03/31/14 VI VIRGIN ISLANDS PUBLIC FIN AUTH CDR view document 12/31/13 VI VIRGIN ISLANDS PUBLIC FIN AUTH CDR view document 12/31/13 VI VIRGIN ISLANDS PUBLIC FIN AUTH CDR view document 12/31/13 VI VIRGIN ISLANDS PUBLIC FIN AUTH CDR view document 09/30/13 VI VIRGIN ISLANDS PUBLIC FIN AUTH AFS view document 09/30/13 VI VIRGIN ISLANDS PUBLIC FIN AUTH CDR view document 09/30/13 VI VIRGIN ISLANDS PUBLIC FIN AUTH CDR view document 09/27/13 VI VIRGIN ISLANDS PUBLIC FIN AUTH Other view document 09/10/13 VI VIRGIN ISLANDS PUBLIC FIN AUTH Other view document 06/30/13 VI VIRGIN ISLANDS PUBLIC FIN AUTH CDR view document 06/30/13 VI VIRGIN ISLANDS PUBLIC FIN AUTH CDR view document 06/30/13 VI VIRGIN ISLANDS PUBLIC FIN AUTH CDR view document Page 6 of 13 EFTA00798883 03/31/13 VI VIRGIN ISLANDS PUBLIC FIN AUTH CDR view document 12/17/12 VI VIRGIN ISLANDS PUBLIC FIN AUTH Other view document 11/30/12 VI VIRGIN ISLANDS PUBLIC FIN AUTH CDR view document 09/30/12 VI VIRGIN ISLANDS PUBLIC FIN AUTH AFS view document 09/30/12 VI VIRGIN ISLANDS PUBLIC FIN AUTH AFS view document 09/30/12 VI VIRGIN ISLANDS PUBLIC FIN AUTH CDR view document 06/26/12 VI VIRGIN ISLANDS PUBLIC FIN AUTH Other view document 09/30/11 VI VIRGIN ISLANDS PUBLIC FIN AUTH AFS view document 03/31/11 VI VIRGIN ISLANDS PUBLIC FIN AUTH CDR view document 12/31/10 VI VIRGIN ISLANDS PUBLIC FIN AUTH CDR view document 09/30/10 VI VIRGIN ISLANDS PUBLIC FIN AUTH AFS view document 07/20/10 VI VIRGIN ISLANDS PUBLIC FIN AUTH CDR view document 06/30/10 VI VIRGIN ISLANDS PUBLIC FIN AUTH CDR view document 02/19/10 VI VIRGIN ISLANDS PUBLIC FIN AUTH CDR view document 12/08/09 VI VIRGIN ISLANDS PUBLIC FIN AUTH Other view document 11/12/09 VI VIRGIN ISLANDS PUBLIC FIN AUTH CDR view document 11/12/09 VI VIRGIN ISLANDS PUBLIC FIN AUTH CDR view document 10/28/09 VI VIRGIN ISLANDS PUBLIC FIN AUTH CDR view document 10/28/09 VI VIRGIN ISLANDS PUBLIC FIN AUTH CDR view document 09/30/09 VI VIRGIN ISLANDS PUBLIC FIN AUTH AFS view document 09/30/09 VI VIRGIN ISLANDS PUBLIC FIN AUTH AFS view document 05/11/09 VI VIRGIN ISLANDS PUBLIC FIN AUTH CDR view document 03/31/09 VI VIRGIN ISLANDS PUBLIC FIN AUTH CDR view document 03/01/09 VI VIRGIN ISLANDS PUBLIC FIN AUTH CDR view document 02/20/09 VI VIRGIN ISLANDS PUBLIC FIN AUTH CDR view document 12/31/08 VI VIRGIN ISLANDS PUBLIC FIN AUTH CDR view document 09/30/08 VI VIRGIN ISLANDS PUBLIC FIN AUTH AFS view document 06/30/08 VI VIRGIN ISLANDS PUBLIC FIN AUTH CDR view document Pagel of 13 EFTA00798884  [9 03/31/08 VI VIRGIN ISLANDS PUBLIC FIN AUTH CDR view document 09/30/07 VI VIRGIN ISLANDS PUBLIC FIN AUTH AFS view document 08/10/07 VI VIRGIN ISLANDS PUBLIC FIN AUTH CDR view document 03/31/07 VI VIRGIN ISLANDS PUBLIC FIN AUTH CDR view document 03/07/07 VI VIRGIN ISLANDS PUBLIC FIN AUTH CDR view document 09/30/06 VI VIRGIN ISLANDS PUBLIC FIN AUTH CDR view document 09/30/06 VI VIRGIN ISLANDS PUBLIC FIN AUTH CDR view document 06/30/06 VI VIRGIN ISLANDS PUBLIC FIN AUTH CDR view document 06/30/06 VI VIRGIN ISLANDS PUBLIC FIN AUTH CDR view document 03/31/06 VI VIRGIN ISLANDS PUBLIC FIN AUTH CDR view document 02/15/06 VI VIRGIN ISLANDS PUBLIC FIN AUTH Other view document 02/14/06 VI VIRGIN ISLANDS PUBLIC FIN AUTH CDR view document 12/31/05 VI VIRGIN ISLANDS PUBLIC FIN AUTH CDR view document 11/16/05 VI VIRGIN ISLANDS PUBLIC FIN AUTH CDR view document 10/15/05 VI VIRGIN ISLANDS PUBLIC FIN AUTH CDR view document 10/14/05 VI VIRGIN ISLANDS PUBLIC FIN AUTH CDR view document 10/13/05 VI VIRGIN ISLANDS PUBLIC FIN AUTH CDR view document 09/30/05 VI VIRGIN ISLANDS PUBLIC FIN AUTH AFS view document 06/30/05 VI VIRGIN ISLANDS PUBLIC FIN AUTH CDR view document 06/30/05 VI VIRGIN ISLANDS PUBLIC FIN AUTH CDR view document 06/30/05 VI VIRGIN ISLANDS PUBLIC FIN AUTH CDR view document 03/31/05 VI VIRGIN ISLANDS PUBLIC FIN AUTH CDR view document 03/31/05 VI VIRGIN ISLANDS PUBLIC FIN AUTH CDR view document 03/31/05 VI VIRGIN ISLANDS PUBLIC FIN AUTH CDR view document 12/31/04 VI VIRGIN ISLANDS PUBLIC FIN AUTH CDR view document 09/30/04 VI VIRGIN ISLANDS PUBLIC FIN AUTH AFS view document 09/30/04 VI VIRGIN ISLANDS PUBLIC FIN AUTH CDR view document 09/30/04 VI VIRGIN ISLANDS PUBLIC FIN AUTH CDR view document Page8 of 13 EFTA00798885 06/30/04 VI VIRGIN ISLANDS PUBLIC FIN AUTH CDR view document 03/31/04 VI VIRGIN ISLANDS PUBLIC FIN AUTH CDR view document 02/17/04 VI VIRGIN ISLANDS PUBLIC FIN AUTH CDR view document 12/31/03 VI VIRGIN ISLANDS PUBLIC FIN AUTH CDR view document 09/30/03 VI VIRGIN ISLANDS PUBLIC FIN AUTH AFS view document 09/30/03 VI VIRGIN ISLANDS PUBLIC FIN AUTH CDR view document 06/30/03 VI VIRGIN ISLANDS PUBLIC FIN AUTH CDR view document 06/30/03 VI VIRGIN ISLANDS PUBLIC FIN AUTH CDR view document 03/31/03 VI VIRGIN ISLANDS PUBLIC FIN AUTH Interim Fin view document 12/31/02 VI VIRGIN ISLANDS PUBLIC FIN AUTH CDR view document 09/30/02 VI VIRGIN ISLANDS PUBLIC FIN AUTH AFS view document 09/30/02 VI VIRGIN ISLANDS PUBLIC FIN AUTH AFS view document 09/30/02 VI VIRGIN ISLANDS PUBLIC FIN AUTH CDR view document 09/30/02 VI VIRGIN ISLANDS PUBLIC FIN AUTH CDR view document 09/07/02 VI VIRGIN ISLANDS PUBLIC FIN AUTH CDR view document 06/30/02 VI VIRGIN ISLANDS PUBLIC FIN AUTH CDR view document 06/30/02 VI VIRGIN ISLANDS PUBLIC FIN AUTH CDR view document 03/31/02 VI VIRGIN ISLANDS PUBLIC FIN AUTH Interim Fin view document 03/31/02 VI VIRGIN ISLANDS PUBLIC FIN AUTH CDR view document 12/31/01 VI VIRGIN ISLANDS PUBLIC FIN AUTH Interim Fin view document 12/31/01 VI VIRGIN ISLANDS PUBLIC FIN AUTH CDR view document 09/30/01 VI VIRGIN ISLANDS PUBLIC FIN AUTH CDR view document 09/30/01 VI VIRGIN ISLANDS PUBLIC FIN AUTH CDR view document 09/30/01 VI VIRGIN ISLANDS PUBLIC FIN AUTH AFS view document 03/31/01 VI VIRGIN ISLANDS PUBLIC FIN AUTH CDR view document 03/31/01 VI VIRGIN ISLANDS PUBLIC FIN AUTH CDR view document 03/31/01 VI VIRGIN ISLANDS PUBLIC FIN AUTH CDR view document 12/31/00 VI VIRGIN ISLANDS PUBLIC FIN AUTH Interim Fin view document Page9 of 13 EFTA00798886 11/30/00 VI VIRGIN ISLANDS PUBLIC FIN AUTH CDR view document 09/30/00 VI VIRGIN ISLANDS PUBLIC FIN AUTH AFS view document 09/30/00 VI VIRGIN ISLANDS PUBLIC FIN AUTH CDR view document 09/30/00 VI VIRGIN ISLANDS PUBLIC FIN AUTH CDR view document 06/30/00 VI VIRGIN ISLANDS PUBLIC FIN AUTH CDR view document 06/30/00 VI VIRGIN ISLANDS PUBLIC FIN AUTH CDR view document 05/08/00 VI VIRGIN ISLANDS PUBLIC FIN AUTH CDR view document 03/31/00 VI VIRGIN ISLANDS PUBLIC FIN AUTH Interim Fin view document 12/31/99 VI VIRGIN ISLANDS PUBLIC FIN AUTH Interim Fin view document 12/31/99 VI VIRGIN ISLANDS PUBLIC FIN AUTH CDR view document 09/30/99 VI VIRGIN ISLANDS PUBLIC FIN AUTH AFS, CDR view document 09/30/99 VI VIRGIN ISLANDS PUBLIC FIN AUTH CDR view document 09/30/99 VI VIRGIN ISLANDS PUBLIC FIN AUTH AFS view document 06/30/99 VI VIRGIN ISLANDS PUBLIC FIN AUTH CDR view document 03/31/99 VI VIRGIN ISLANDS PUBLIC FIN AUTH CDR view document 09/30/98 VI VIRGIN ISLANDS PUBLIC FIN AUTH AFS view document 09/30/97 VI VIRGIN ISLANDS PUBLIC FIN AUTH AFS view document 09/30/97 VI VIRGIN ISLANDS PUBLIC FIN AUTH AFS view document 09/30/96 VI VIRGIN ISLANDS PUBLIC FIN AUTH AFS view document Page 10 of 13 EFTA00798887  Report as of 06/23/2017 12:09:37PM ET Issuer State: Virgin Islands Orig. Par Amount: $250,000,000 Issuer: VIRGIN ISLANDS PUB FIN AUTH REV Bond Type: Industrial Development Issue Description: MATCHING FD LN-DIAGO-A Security Type: Enterprise Revenue Dated Date: 07/09/09 Min. Denom./ $100,000 x $5,000 Increment: Obligor(s) - Latest Annual Financial Date: VIRGIN ISLANDS PUBLIC FIN AUTH (VI) - (09/30/161 SOURCE:OFFICIAL STATEMENT Recent Relevant News MuniGUARIT News 08/18/11 eel_ T G Public Finance Authority discusses budget (The Virgin Islands Daily News, St. view article Thomas) 06/06/17 Cel. T G Schneider gets emergency funds for repairs (The Virgin Islands Daily News, St. view article Thomas) 05/11/17 COL T G Governors plan does specifically target Sea View (The Virgin Islands Daily view article News, St. Thomas) 05/10/17 COL T G Senate to consider funding for St. Thomas nursing home (The Virgin Islands view article Daily News, St. Thomas) 01/13/17 COL T G Government has difficulty closing bond deal; financial straits tighten (The Virgin view article Islands Daily News, St. Thomas) 12/21/16 C 0 L T G Senate kills Mapp tax increases (The Virgin Islands Daily News, St. Thomas) view article 12/06/16 COL T G Renovations begin again at Fort Christian (The Virgin Islands Daily News, St. view article Thomas) 12/02/16 COL T G Another credit rating agency downgrades V.I. bonds (The Virgin Islands Daily view article News, St. Thomas) 11/17/16 COL T G Hospital Grounds revitalization discussed (The Virgin Islands Daily News, St. view article Thomas) 11/08/16 COL T G PFA votes to move forward with borrowing (The Virgin Islands Daily News, St. view article Thomas) 10/27/16 COL T G Mapp to introduce changes to horse racing in the territory (The Virgin Islands view article Daily News, St. Thomas) 10/22/16 COL T G National Guard military ambulance in use on St. Croix (The Virgin Islands Daily view article News, St. Thomas) 09/16/16 COL T G Public finance authority board approves contracts (The Virgin Islands Daily view article News, St. Thomas) 08/03/16 COL T G Mapp vetoes public health study bill (The Virgin Islands Daily News, St. Thomas) view article 07/28/16 COL T G WAPA bonds downgraded by another rating agency (The Virgin Islands Daily view article News, St. Thomas) Page ll of 13 EFTA00798888 Date y ir (le\ 06/30/16 cOL T G Senators approve a number of bills (The Virgin Islands Daily News, St. Thomas) view article 06/30/16 COL T G PFA executive submits resignation letter (The Virgin Islands Daily News, St. view article Thomas) 06/22/16 COL T G Mapp asks Legislature for bonds program for capital improvements (The Virgin view article Islands Daily News, St. Thomas) 05/13/16 COL T G PFA approves $10M credit line for emergency vehicles (The Virgin Islands Daily view article News, St. Thomas) 05/10/16 COL T G Senate says no to Mapp's limos and veto (The Virgin Islands Daily News, St. view article Thomas) 04/22/16 COL T G Settlement is reimbursement for money government borrowed (The Virgin view article Islands Daily News, St. Thomas) 04/O7/16 COL T G Oil supplier sues WAPA for $24 million (The Virgin Islands Daily News, St. view article Thomas) 02/17/16 COL T G Finance Committee receives update on economic status (The Virgin Islands view article Daily News, St. Thomas) 12/O3/15 COL T G Network misinterprets what it means to be public (The Virgin Islands Daily view article News, St. Thomas) 11/13/15 COL T G viNGN denies records request, despite government ties (The Virgin Islands Daily view article News, St. Thomas) 08/21/15 COL T G Francis, deJongh challenge probable cause (The Virgin Islands Daily News, St view article Thomas) 08/19/15 COL T G DeJongh, former PFA director charged in Mafolie-gate (The Virgin Islands Daily view article News, St. Thomas) 08/18/15 COL T G Audit of PFA ongoing, says V.I. inspector general (The Virgin Islands Daily News view article St. Thomas) 08/13/15 COL T G Judge grants prosecution's request and tells Francis he can't sell home (The view article Virgin Islands Daily News, St. Thomas) 08/O7/15 COL TG Trio charged in pay to play scheme (The Virgin Islands Daily News, St. Thomas) view article 07/08/15 COL T G Finance Authority curtails Kean track spending (The Virgin Islands Daily News view article St. Thomas) 01/22/15 cot_ Mapp returns to Public Finance Authority board as chairman (The Virgin Islands view article Daily News, St. Thomas) 12/30/14 COL T G A look back at 2O14 in the V.1. (The Virgin Islands Daily News, St. Thomas) view article 12/26/14 COL T G BRIEF: Public Finance Authority OKs Finance project, ATM lease (The Virgin view article Islands Daily News, St. Thomas) Page 12 of 13 EFTA00798889  12/13/14 COL TG Public Finance Authority gives DPNR more money for new boat (The Virgin view article Islands Daily News, St. Thomas) 12/12/14 T G Next Generation Network giving 240 laptops away to digital literacy students view article (The Virgin Islands Daily News, St. Thomas) 12/08/14 COL T G Officials hope to reopen Fort Christian by June (The Virgin Islands Daily News, view article St. Thomas) 11/24/14 cOL TG DeJongh, GEC sign $20 million Paul E. Joseph Stadium contract (The Virgin view article Islands Daily News, St. Thomas) 11/21/14 Cc" T G PFA approves additional $300K in debt coverage for med school (The Virgin view article Islands Daily News, St. Thomas) 11/21/14 C Q. L T G V.I. Tourism partners with Delta Airlines to provide new weekly direct flight from view article Atlanta to St. Croix (The Virgin Islands Daily News, St. Thomas) 10/16/14 ceL TG PFA clears funding for St. Croix stadium, V.I. Next Generation Network (The view article Virgin Islands Daily News, St. Thomas) 09/16/14 CeL TG Government considers withholding funds from hospitals' allotments to pay view article their WAPA bills (The Virgin Islands Daily News, St. Thomas) 08/29/14 COL T G V.I. government sells nearly $50M in bonds to buoy hospitals, cut deficit (The view article Virgin Islands Daily News, St. Thomas) 08/14/14 COL TG Public Finance Authority OKs 550M bond borrowing for V.I.'s hospitals (The view article Virgin Islands Daily News, St. Thomas) 08/02/14 ceL TG Public Finance Authority meets (The Virgin Islands Daily News, St. Thomas) view article 06/12/14 cOL T is V.I. Next Generation Network on track to finish broadband system in 2 weeks view article (The Virgin Islands Daily News, St. Thomas) 05/16/14 C 0 L T G V.I.'s broadband network nears completion; public computer centers open (The view article Virgin Islands Daily News, St. Thomas) 04/12/14 COL T G V.I. Government accepts GEC's proposal for Paul E. Joseph Stadium view article reconstruction (The Virgin Islands Daily News, St. Thomas) 04/12/14 C 0 L T G Public Finance Authority approves contract to finish Turnbull Library (The view articIe Virgin Islands Daily News, St. Thomas) 04/02/14 C• L T G Senate tables bill regardingV.I.'s stake in Texas oil company (The Virgin Islands view article Daily News, St. Thomas) Copyrigh1e 1992.2017 DPC DATA Inc. All rights reserved. Page 13 of 13 EFTA00798890