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RZ7 - The 47th Cosa Budget Act

Published in Clark #2

WHEREAS, as per Lex.D.2.1.5,

The Seneschal shall be required to submit to the Ziu, in time for consideration by the the second Clark of the Cosa, a government bill approved by the whole Cabinet which shall contain the following: (38RZ15)

2.1.5.1. a detailed budget listing all planned expenses of the State through the current Cosa, specifying the amounts to be requisitioned for each Cabinet Ministry or Officer of the Royal Household and the purpose of each such expense;

2.1.5.2. any amount of the Treasury to be set aside for investment as directed by the Finance Minister and the investment policy that will be pursued;

2.1.5.3. the total amount in louise of any planned currency minting and printing, and postage issuance to be executed by the Royal Bank & Post during the term of the current Cosa.

and WHEREAS this bill has been approved by all members of the Cabinet; and

WHEREAS the latest Treasury financial report by the Burgermeister of Inland Revenue can be found here: talossa.proboards.com/thread/9790/burgermeister-report-july-5-2014 ; so

THEREFORE be it enacted by the Ziu that the Government shall be allocated the following budget for the duration of the 47th Cosa:

1) The Ministry of Stuff shall be allocated a budget, not to exceed ℓ40 ($60) for the purchase of a Proboards Pro account to backup Wittenberg.

2) The Ministry of Finance shall be allocated a budget as follows:

- All funds that the ministry may raise through Kickstarter or similar funding methods, to be used in the production of 5,000 Talossan coins with a face value of ℓ1 each, for a total face value of ℓ5,000 ($7,500). 

- An amount, not to exceed ℓ320 ($480) in supplemental funding for the production of 5000 Talossan coins, as mentioned above. Costs for the production of coins could be lower depending on both which deal the Government will go for and on public giving.

- 33¤20 ($50) to support requests by other ministries and/or offices of the Royal Household for expenses not specifically budgeted.

3) The Ministry of Culture shall be allocated a budget, not to exceed 66¤40 ($100) for the production of Talossan language material.

4) Details of any project on which monies from the above allocations will be spent will be publicly published, along with estimated costs, no less than two weeks before the actual purchase is made. Monies not allocated above shall be retained in the central fund. For security andadministration 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. 

5) The investment policy of Talossa for this Cosa is to leave funds in the interest-bearing bank account that serves as the central fund. 

6) In accordance with el Lexhatx, the Government may later in this Cosa submit supplemental budgeting legislation for the approval of the Ziu.
 

47th Cosâ, Clark #2 results		Amendment?	Ziu	Cosâ				Senäts
Bill	Title		Result	Për	Contrâ	Abstain	Result	Për	Contrâ	Abstain	Result
RZ7	The 47th Cosa Budget Act	No (double majority needed)	Pass	163	11	11	Pass	7	0	0	Pass