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unmerged(10397)

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Jul 27, 2002
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The following bills are now up for vote by all members of the assembly.

Voting shall be concluded by 23:59 on June 5.

Casino Control Board Act (CCBA)

The aim of this Act is to establish a permanent independent board for the monitoring and regulation of the casino and gambling industries. It will detail the composition, the remit, and the powers of the board and will describe the punishments that it can mete out to offenders.

1. Composition

(a) The Board shall be made up of seven members including a representative appointed by the MERL, a representative of the gambling industry and five other independent experts in the field appointed by the General Assembly.
(b) If a position on the Board shall become vacant, it must be immediately filled by the relevant authority or will be filled by the General Assembly.
(c) All decisions made the Board must receive a the approval of a majority of members.

2. Remit

(a) The Board is to investigate and regulate all gambling houses, casinos, gambling lounges, gaming rooms, individual slot machines and roulette wheels.
(b) The Board will have the power to create a gambling code of practise by which all the above establishments will have to abide.
(c) The Board will have the power to send inspectors into the above establishments to ensure that they are abiding by the gambling code of practise.
(d) The Board will further have the power to impose punishments, as described below, on establishments not abiding by the gambling code of practise.

3. Punishments

(a) If an establishment does not abide by the described gambling code of practise, the Board will have the power to impose a fine up to the value of 100,000 ducats on any gambling establishment dependent on the severity of the misdemeanour.
(b) Further, for repeated or extremely serious misdemeanours, the Board will have the power to close down and revoke the gambling license of that establishment.

Privatisation of Airport Casinos Bill (PACB)


This bill will lay out the terms and conditions by which the Airport 'Gambling Lounges', established in the 'Airport Casino Bill', will be sold off as private enterprises, and the procedure by which this sale will take place.

1. The 'Airport Casino Bill' (18/I/04) is hereby revoked.

2. The 'gambling lounges', established in the 'Airport Casino Bill' (18/I/04) will be grouped together into a single corporation known as Eutopian Airport Casinos (EAC).
(a) EAC, in its entireity, will be put up for private tender for the period of one year, during which it will continue to be administered by the Government. During this period, bids will be received by the MERL.
(b) After that period has elapsed, the MERL will make a consideration of all the received bids and decide upon the winner after looking at all the individual merits.
(c) If no bids are received, the MERL will open a further period of one year for offers on part or parts of EAC and after the period has elapsed, the MERL will make a further consideration on the received bids and decide upon whether that part or those parts of EAC should be sold.
(d) If EAC remains unsold in part or in whole after this period of two years, EAC will be floated on the stock exchange as a PLC and the Government will sell all interests in it.

3. If at any point EAC or one of its parts, after passing out of public ownership, should fall into indebtedness, the Government will not provide any subsidy to bail out EAC or one of its parts.

Omnicare Emergency Recapitalization Act (OERA)

Whereas, claims relating to the bombing at the Eutopian Central Bank have depleted Omnicare's reserves to a level insufficient to support its continued solvency, and

Whereas, the proper functioning of insurance services is necessary to the normal conduct of business, the growth of our ecomony, and the people's welfare, be it therefore

Resolved, that any remaining unpaid claims for losses relating to the bombing at the Eutopian Central Bank are hereby frozen pending later MESA or legislative action, and be it further

Resolved, that Omnicare is hereby authorized to borrow Ð10 billion from the government, said amount is to be raised by an increase in the Federal indebtedness. These funds will be used to support all other Omnicare policies currently in force as well as any new policies written.
 

jacob-Lundgren

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