Privatisation of Airport Casinos Bill
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.
Privatisation of Airport Casinos Bill
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.
4. A Gambling Supervisory Board shall be set up, funded by the state, to regulate the gambling industry and protect the consumer against it.
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.