((a)) ** Authorization for issuance; use of proceeds; legislative initiative and binding referendum vote** In addition to the authority conferred by , the legislature of the government of the Virgin Islands is authorized to cause to be issued bonds or other obligations of such government in anticipation of revenues to be received under . The proceeds of such bonds or other obligations may be used for any purpose authorized by an act of the legislature. The legislature of the government of the Virgin Islands may initiate, by majority vote of the members, a binding referendum vote to approve or disapprove the amount of any such bond or other obligation and/or any purpose for which such bond or other obligation is authorized.section 1574(b) of this titlesection 7652(b)(3) of title 26
((b)) ** Federal guarantee** The legislature of the government of the Virgin Islands may provide, in connection with any issue of bonds or other obligations authorized to be issued under subsection (a) the proceeds of which are to be used for public works or other capital projects, that a guarantee of such bonds or obligations by the United States should be applied for under .section 1574b of this title
((c)) ** Limitations on issuance** Except to the extent inconsistent with the provisions of this Act, the provisions of (other than the limitation contained in the proviso to the first sentence of subparagraph (A)) shall apply to bonds and other obligations authorized to be issued under subsection (a).section 1574(b)(ii) of this title