Fronen/Financial Reform Act of Fronen

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Title Financial Reform Act of Fronen
Realm Fronen
Proposed by Tailai Liew
Pass date 11 August 2014



The purpose of this Act is to grant the Senate the right to levy and collect taxes and to grant Banker the right to administer the Central Treasury.

1. Fronen's Central Treasury is funded by half of Ruler's weekly income and other donations, and administrated by Banker. The funds are to be passed on to the successor in case of a change in office.

2. Tax policies of all levels (regional, duke share, realm share) and officer salaries, if any, are determined by the Senate, and enforced by Judge.

3. Banker has the authority to appoint Treasury Advisors to Treasury Committee, which can disburse the funds at its sole disposal.

4. Banker shall keep the books and publish periodic reports to all nobles on gains and expenses.

5. Banker shall publish periodic reports to the Senate on food production and transactions.

6. Treasury Committee is headed by Banker. It consists of Banker, all dukes, and Treasury Advisors. Treasury Committee receives funding requests from nobles, and disburses the funds at its disposal.