Law:The Finance (43rd Cosa) Act

43RZ7 — The Finance (43rd Cosa) Act

WHEREAS Talossan Statute 38RZ15, Section 4 states that “the Prime Minister shall be required to submit to the Ziu, as a government bill, and in time for consideration by the second Clark of the Cosa, a detailed budget listing all planned expenses of the government through the current Cosa, specifying the amounts to be requisitioned for each Cabinet Ministry and the purpose of each such expense.”

WHEREAS I have now completed my assessment of the Budgetary Requirements of each of the Ministries,

WHEREAS the current estimated balance of the Royal Treasury stands at $545.35 (excluding interest)

WHEREAS I am still awaiting confirmation of the exact and correct balance from Sir Fritz and conscious of the deadline for this act, this balance when made available will be laid before the Ziu,

WHEREAS while it is not envisioned that all Ministries will be spending money this Cosa term, I am bound to “take care to ensure that the budget presented will be sufficient to provide for all expenses of the government of the Kingdom of Talossa until the next budget shall be presented, during the subsequent Cosa.”

THEREFORE be it enacted by the Ziu that:

Section 1.

1. The Prime Ministry shall be allocated a budget, not to exceed $50, to cover all projects and expenses incurred by the Prime Ministry (including the Office of the Distain). Details of any project which monies from this allocation will be spent will be publicly published, along with estimated costing not less than two weeks before the actual purchase is made.
2. The Ministry of Immigration and Foreign Affairs shall be allocated a budget, not to exceed $30, to cover all projects and expenses incurred by the Ministry. Details of any project which monies from this allocation will be spent will be publicly published, along with estimated costing not less than two weeks before the actual purchase is made.
3. The Ministry of Finance shall be allocated a budget, not to exceed $30, to cover all projects and expenses incurred by the Ministry. Details of any project which monies from this allocation will be spent will be publicly published, along with estimated costing not less than two weeks before the actual purchase is made.
4. The Ministry of Defence and Home Affairs shall be allocated a budget, not to exceed $30, to cover all projects and expenses incurred by the Ministry. Details of any project which monies from this allocation will be spent will be publicly published, along with estimated costing not less than two weeks before the actual purchase is made.
5. The Ministry of Stuff & Culture shall be allocated a budget, not to exceed $20, to cover all projects and expenses incurred by the Ministry. Details of any project which monies from this allocation will be spent will be publicly published, along with estimated costing not less than two weeks before the actual purchase is made.
6. The Ministry of Justice & Law Reform shall be allocated a budget, not to exceed $20, to cover all projects and expenses incurred by the Ministry. Details of any project which monies from this allocation will be spent will be publicly published, along with estimated costing not less than two weeks before the actual purchase is made.
7. All other Government Bodies, Quangos or Organisations, formed or to be formed are allocated $0 and must apply to their Parent Ministry for any funding.

Section 2. Any monies not allocated by Section 1 shall be retained in the central fund for emergency spending and for investment as directed by the Finance Minister according to the policy reported.

Section 3. Any monies not spent from the budgets allocated in Section 1, by the first day of the first Clark in the next Cosa (44th Cosa) shall be returned to the central fund for reallocation as the then incumbent Prime Minister sees fit.

Section 4. It shall be the duty of the Prime Minister and each individual Minister to produce at the dissolution of the 43rd Cosa a statement of expenditure, outlining how much money each Ministry spent, plans to spend, its purpose and how much money it envisions returning to the Central Fund.

Section 5. For Security and Administration purposes, all allocated Monies shall remain in the Central Fund and subject to approval by the Minister of Finance and provisions in this Act, may be drawn down on a case by case basis by each Minister.

Uréu q’estadra sa:

HM Government, represented by:
Litz Cjantscheir, Seneschal (MC, RUMP)