---
kind: "section"
citation: "48 U.S.C. § 1403a"
title: "48"
title_heading: "Territories and Insular Possessions"
number: "1403a"
heading: "Expenditure of bond proceeds for public improvements"
release: "119-102"
date: "2026-07-12"
url: "https://uscodex.org/usc/48/1403a"
units:
  - "Chapter 7 — Virgin Islands"
  - "Subchapter I — General Provisions"
---

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


The proceeds of the bond issues or other obligations herein authorized shall be expended only for the public improvements set forth in [section 1403 of this title](/usc/48/1403.md), or for the reduction of the debt created by such bond issue or obligation, unless otherwise authorized by the Congress.


## Source credit

(Oct. 27, 1949, ch. 769, § 2, 63 Stat. 941.)