Law:57RZ22 Finance Law Reform (Here We Go Again) Bill
 EPHEMERAL STATUS |
LEGEU |
It amends the following: |
Ziu 57th Clark 5th October 2022/XLIII
Uréu q'estadra så: Miestrâ Schivâ |
 Cosă: PASSED |
| Per 163 — Con 3 — Aus 0 |
 Senäts: PASSED |
| Per 7 — Con 0 — Aus 0 |
L'Anuntziă dels Legeux |
View Clark Result |
WHEREAS it is part of the incumbent Government's programme to simplify legislation and "cut red and green tape" where-ever practical;
AND WHEREAS certain inefficiencies and dead-ends were revealed in the Kingdom's budgeting process due to the recent unavailability of the Burgermeister of Internal Revenue;
AND WHEREAS a read-through of the appropriate legislation suggested other fixes for readability and sense, in particular separating out the functions of the Royal Treasury from the Ministry of Finance;
BE IT ENACTED by the King, Cosa and Senäts of Talossa in Ziu assembled that:
1. The following new paragraphs shall be added to the end of El Lexhatx C.1.5:
1.5.5. audit the reported financial condition of His Majesty's investments at any time.
1.5.6. provide, upon request of the Minister of Finance and any other time stated in law, a Financial Report containing the following information:
- 1.5.6.1. the amount, location, liquidity, and availability of all funds held by or for the Royal Treasury,
- 1.5.6.2. a detailed list of all changes in the account balances of the Royal Treasury since the last Report,
- 1.5.6.3. a balance sheet which clearly lists all expenses linking them to the relative sheet items in the budget bills approved in the Cosa,
- 1.5.6.4. the total amount of louise and postal items in circulation;
1.5.7. All accounts and other monies held by the Royal Treasury shall be held in the name of both the King and the Burgermeister, in such a way that the King shall be able to perform the functions of the Burgermeister in case of the Burgermeister's absence, on his own initiative or upon request of the Minister of Finance.}}
2. El Lexhatx D.2.8.1 is amended to read in its entirety (all subsections to be deleted):
The Ministrà dal Finançù (Ministry of Finance) is responsible for setting and implementing the economic policies of the Kingdom, for drawing up the national Budget, and directing the Burgermeister of Inland Revenue as to the investment of that portion of the Royal Treasury set aside by said Budget.}}
3. In El Lexhatx D.2.8.2.4, the misspelled word "demonination" shall be correctly spelled as "denomination".
4. El Lexhatx D.2.8.2.8 is deleted, as contradicting El Lexhatx D.2.8.1.
5. El Lexhatx D.2.8.2.9 is deleted, its provisions being reinstated in the new El Lexhatx C.1.5.5.
6. El Lexhatx D.2.8.2.10 is deleted, as redundant and repeating provisions contained in El Lexhatx D.2.8.3.
7. El Lexhatx D.2.8.3.1 is amended to read:
2.8.3.1. a Financial Report as provided in El Lexhatx C.1.5.6;
8. The following new subsection shall be added to El Lexhatx D.2.8.4:
2.8.4.1 The Ziu hereby authorizes the annual and ongoing expenditure of 60 louis by the Burgermeister of Internal Revenue for the specific and sole purpose of paying for the annual domain name registration of talossa.com and for associated webhosting services as selected by the Seneschal or their designated representative. All payments made under direction of this authority should be reported as according to normal procedure by the Burgermeister.
9. The existing paragraph, currently duplicatively numbered El Lexhatx D.2.8.9, which reads:
The Finance Minister shall create a Register of Talossan Enterprises, available to all Talossan citizens. Any Talossan who produces goods and services, whether commercially or as a hobby, may provide a description, no longer than 100 words, of their enterprise together with their contact details, for the purposes of advertisement and information. An enterprise shall be removed from the register at the request of the registrant; or by a determination by the Finance Minister that the enterprise is no longer active, or not of a character with which the Kingdom of Talossa wishes to be associated. Such determinations shall be subject to judicial review.
shall be renumbered D.2.8.10, and amended to read:
The Finance Minister shall create a Register of Talossan Enterprises, available to all Talossan citizens. Any Talossan who produces goods and services, whether commercially or as a hobby, may provide a description, no longer than 100 words, of their enterprise together with their contact details, for the purposes of advertisement and information.An enterprise shall be removed from the register at the request of the registrant, or by a determination by the Finance Minister that the enterprise is either no longer active or not of a character with which the Kingdom of Talossa wishes to be associated. Such determinations shall be subject to judicial review.
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