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Wednesday, August 12, 2020
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Nathan Simmonds, director of finance administration at the Public Finance Authority, testifies before the Senate Finance Committee Monday. (Photo by the V.I. Legislature)

PFA Looking into Reprogramming Unspent Capital Projects Funds

The Public Finance Authority is exploring ways to address roughly $115 million in unexpended capital projects funding, a chronic problem among local agencies. Reprogramming them for other purposes is not off the table, Nathan Simmonds, the director of finance administration at the Public Finance Authority, told lawmakers Monday.
Discussing disaster recovery at the PFA board meeting are Kirk Callwood, Jenifer O’Neal, Keith O’Neale, Gov. Albert Bryan, Nathan Simmonds, Dorothy Isaac and Adrienne Williams-Ocatalien.

PFA Deals with Hurricane Recovery

The board members of the V.I. Public Finance Authority dealt with hurricane recovery Friday – arranging for matching dollars for FEMA projects and discussing how to move the road-renovation project forward last week at the St. Croix PFA office.
Mark McGibbon, president and CEO of viNGN, announced additional hot spots on St. Croix.

VINGN Eyes Extending Broadband Range to Underserved Areas

Effective partnerships with local internet service providers are critical to making broadband internet available throughout the territory, especially to the unserved and underserved areas, according to V.I. Next Generation Network officials.





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