Sofia2750
Citizen
Oakridge Resident
Health Department
5th Anniversary
Change Maker
Popular in the Polls
Statesman
Sofia2750
Clerk
- Joined
- Jan 2, 2025
- Messages
- 214
- Thread Author
- #1
A
BILL
To
To Grow The Economy
The citizens of Oakridge, through their elected Representatives in the Town-Council and the force of law ordained to that Town-Council by the people through the constitution of Oakridge, do hereby enact the following provisions into the by-laws:
1 - Short Title and Enactment
(1) This Act may be cited as the 'Economic Growth Plan Act.'
(2) This Act shall be enacted immediately upon its signage.
(3) This Act has been authored by: Head of Residence Sofia2750, and co authored by: Head of Commerce Superwoops, formed Head of Commerce ElysiaCrynn, Town Economist FloorIsTired, and former Head of Residence Sir_Dogeington
(4) This Act has been co-sponsored by: Head of Urban Development MrCheesGuy
2 - Reasons
(1) The Oakridge budget is overly reliant on evictions
(2) We havent taken advantage of any investments, which could turn our millions sitting in the balance into more money, and therefore reduce reliance on evictions
(3) A stable, predictable, and reliable, source of revenue for the government, will lead to stable, and reliable policy.
(4) Our spending, while likely to increase, is unlikely to significantly eat into critical levels of funds
(5) SOWF payments are likely to increase property prices, in the medium-long term.
3 - Creation of the Oakridge National Bank
(1) The Office of Commerce is authorised to create a town-owned commercial bank, which is to take deposits, and be the investment vehicle for the Economic Growth Plan.
(2) The Head of Commerce is authorised to draft and submit Incorporation filings for a corporation to fulfill this purpose. The corporation will be a governmental entity under §2(1)(c) of the Legal Entity Act only following the initial approval of all corporation filings by the Department of Commerce.
(3) The Oakridge National Bank is required, to stick as closely to the requirements listed in the following subsections, as the current financial regulations, town rights Executive Orders/laws/etc. allow them to.
(a) Invest atleast 85% of money allocated from the town, into Federal Reserve Bank products.
(b) Invest up to 15% of the money allocated from the town, into properties in Reveille.
(c) Avoid all auctions, to avoid any fees, or legal issues related to Auction Levy's.
(d) Make it clear that a portion of custoumer deposits will be invested in Products, of which they will share a proportional share of any gains.
(e) In case of a short term cash shortage, the town may divert money into the Oakridge National Bank, if there is no quick solution.
(4) Initial allocated funds are to be 1500000$, with any further allocations requiring a majority of the Council to vote in favour.
(a) Custoumer deposit related investments dont need council approvement.
(5) The Office of Commerce is authorised to hold, acquire, and sell Reveille properties.
(6) If the Oakridge National Bank requires legal assistance of any kind, wether that be compliance, lawsuits, etc, the Oakridge Office of Legal Affairs is required to assist.
(7) The distribution of profits shall be determined by the Oakridge Council.
4 - Treasury Sub Office
(1) The Office of Commerce is authorised to gather monthly financial overviews of the Oakridge Government.
(a) This is to include all non chest shop expenditure/revenue listed.
(b) Any chestshop related expenditure/revenue is to be shown in a simplified net profit/deficit, and total transaction values.
(2) Reports are to start from December 2025.
(a) This is to be done in dedicated Treasury Sub Office channels.
5 - Definitions
(1) For the purpouses of this act, "Federal Reserve Bank products" or simply "Products", are to refer to any bonds, bills, or other investments offered by the Federal Reserve Bank.
(2) For the purpouses of this act, "gains", is to refer to any capital gain since the acquisition of an investment.
BILL
To
To Grow The Economy
The citizens of Oakridge, through their elected Representatives in the Town-Council and the force of law ordained to that Town-Council by the people through the constitution of Oakridge, do hereby enact the following provisions into the by-laws:
1 - Short Title and Enactment
(1) This Act may be cited as the 'Economic Growth Plan Act.'
(2) This Act shall be enacted immediately upon its signage.
(3) This Act has been authored by: Head of Residence Sofia2750, and co authored by: Head of Commerce Superwoops, formed Head of Commerce ElysiaCrynn, Town Economist FloorIsTired, and former Head of Residence Sir_Dogeington
(4) This Act has been co-sponsored by: Head of Urban Development MrCheesGuy
2 - Reasons
(1) The Oakridge budget is overly reliant on evictions
(2) We havent taken advantage of any investments, which could turn our millions sitting in the balance into more money, and therefore reduce reliance on evictions
(3) A stable, predictable, and reliable, source of revenue for the government, will lead to stable, and reliable policy.
(4) Our spending, while likely to increase, is unlikely to significantly eat into critical levels of funds
(5) SOWF payments are likely to increase property prices, in the medium-long term.
3 - Creation of the Oakridge National Bank
(1) The Office of Commerce is authorised to create a town-owned commercial bank, which is to take deposits, and be the investment vehicle for the Economic Growth Plan.
(2) The Head of Commerce is authorised to draft and submit Incorporation filings for a corporation to fulfill this purpose. The corporation will be a governmental entity under §2(1)(c) of the Legal Entity Act only following the initial approval of all corporation filings by the Department of Commerce.
(3) The Oakridge National Bank is required, to stick as closely to the requirements listed in the following subsections, as the current financial regulations, town rights Executive Orders/laws/etc. allow them to.
(a) Invest atleast 85% of money allocated from the town, into Federal Reserve Bank products.
(b) Invest up to 15% of the money allocated from the town, into properties in Reveille.
(c) Avoid all auctions, to avoid any fees, or legal issues related to Auction Levy's.
(d) Make it clear that a portion of custoumer deposits will be invested in Products, of which they will share a proportional share of any gains.
(e) In case of a short term cash shortage, the town may divert money into the Oakridge National Bank, if there is no quick solution.
(4) Initial allocated funds are to be 1500000$, with any further allocations requiring a majority of the Council to vote in favour.
(a) Custoumer deposit related investments dont need council approvement.
(5) The Office of Commerce is authorised to hold, acquire, and sell Reveille properties.
(6) If the Oakridge National Bank requires legal assistance of any kind, wether that be compliance, lawsuits, etc, the Oakridge Office of Legal Affairs is required to assist.
(7) The distribution of profits shall be determined by the Oakridge Council.
4 - Treasury Sub Office
(1) The Office of Commerce is authorised to gather monthly financial overviews of the Oakridge Government.
(a) This is to include all non chest shop expenditure/revenue listed.
(b) Any chestshop related expenditure/revenue is to be shown in a simplified net profit/deficit, and total transaction values.
(2) Reports are to start from December 2025.
(a) This is to be done in dedicated Treasury Sub Office channels.
5 - Definitions
(1) For the purpouses of this act, "Federal Reserve Bank products" or simply "Products", are to refer to any bonds, bills, or other investments offered by the Federal Reserve Bank.
(2) For the purpouses of this act, "gains", is to refer to any capital gain since the acquisition of an investment.