Alright, I second the OERA. I'd like to bring this to a vote quickly if no one has any changes to propose.
Also, I think we can take a vote on the PACB. Note the removal of the part about the gambling supervisory board. As this issue is more debatable, it can be done later by a second bill.
Objections?
Also, I think we can take a vote on the PACB. Note the removal of the part about the gambling supervisory board. As this issue is more debatable, it can be done later by a second bill.
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.
Objections?