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Loan and Assistance Act; Committee on Trade Proposal Three | Loan and Assistance Act
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Topic Started: Jun 20 2014, 06:47 PM (426 Views)
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Pauldustllah
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Jul 1 2014, 09:06 AM
Post #11
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Cocacolonizer
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I would like to hear the representative from Dorhavens thoughts on how the Regional government would get the revenue to fund and maintain this program. I am still concerned that the regional government would not be able to honor any bonds it issues at the present time and I do believe this woul dneed to be addressed before it goes forward.
While I am sure some revenue may be generated through the issuance of loans to soverign nations, It would depend on how ofteen this program is used.
I would also suggest soem safeguards to ensure that aid packages are not used to fund the overthrown of soveriegn governments in the region.
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Dorhaven
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Jul 1 2014, 11:07 AM
Post #12
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I have TGed Urcea on whether or not we already have a system in place for revenue. If we do not I should be able to whip something up. We will get some revue eu from loans but I do not know if it would cover losses from aid given. As for the use of aid packages I concur the concerns of both Urcea and Pauldustllah and will look into safeguards for the recording nation. There is no military aid of coarse but I can see where you are coming from.
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Vannois
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Jul 1 2014, 01:57 PM
Post #13
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Monarchist Jacobin
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- DR Sawra
- Jul 1 2014, 08:06 AM
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OOC: First I want to apologize to Kuhlfros, BUT I see a lot of untrue statements in his speech and I would like to correct that. To start: 1. as you can see on my screenshot: *So, you are still Delegate, 2. Regional Charter, (Pauldustllah) has been approved in the Committee, NOT and I repeat NOT in Congress, SO and i repeat SO, it is NOT yet LAW. Just want to clarify here: the Regional Charter proposed by Pauldustllah did pass within the past week with a majority vote on the regional homepage.
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Dorhaven
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Jul 1 2014, 05:30 PM
Post #14
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What I am seeing so far is that we need an official way to get income for the Regional Government, that the money should be I a developement fund so we have have a set amount to work with, that the Congress should be able to grant aid as well, and that the aid should not be granted of it will be used to do bad things. On the matter of money Urcea and I will be working on that. In the mean time I think we should assume that we have the reliable income we need for this. I have also rewritten the bill to change what you felt was wrong or needed to be changed. How do you feel about this?
New Draft LOAN AND ASSISTANCE ACT A proposal by Dorhaven
Noting that nations may fall on hard times and require some assistance for the health of that nation's economy as well as the global economy. The Loan and Assistance Act grants the authority of providing financial and other forms of assistance to nations the Committee of Trade deems in need as the Committee of Trade Deems fit.
SECTION I - DEFINITIONS 1) A loan, for the purpose of this act, is defined as an asset temporarily bestowed by either a member of the Committee on Trade using the bestowed power and authority under this act of by a joint decree issued by members of the Committee on Trade. 2) An aid package, for the purpose of this act, is defined as aid bestowed by either a member of the Committee on Trade using the bestowed power and authority under this act of by a joint decree issued by members of the Committee on Trade. This aid is not necessarily financial and is not to be paid back as a loan. 3) Humanitarian Aid is material or logistical assistance provided for humanitarian purposes. The goal of this form of aid is to save lives, alleviate suffering, and maintain human dignity. This aid typically (but not necessarily) after a natural or manmade disaster. 4) Development Aid is material, logistical, or financial assistance provided for to support the economic, environmental, social, and political development of countries or other specified locations. 5) Miscellaneous Aid is any kind of aid to another nation which is not specifically outlined or defined in this act. The Committee on Trade has just as much authority to offer this aid as any other form of material or logistical assistance to other nations.
SECTION II - DISTRIBUTION AND FUNDS 1) Aid and loans provided by the Committee on Trade or its members under this act is to be funded by the Ixnay Regional Government placing funds in a Developement Fund. Money for the Development Fund may also be donated by nations, organizations, and individuals. 2) Aid and loans may only be bestowed by the Committee on Trade or by its members. It may also be granted by a resolution approved by the Regional Congress. This resolution overrides any decision made by the Committee on Trade. 3) Governments and nations who are not a member of the Committee on Trade or a member of the Committee may petition for loans or aid with the Committee. This aid may or may not be provided based on the choice of the Committee or the Regional Congress. 4) The International Government of Ixnay may not withhold funding for loans or aid unless it is bankrupt (no money in the Development Fund), nor may it force the Committee to accept or deny a loan or aid for a country unless by a passed resolution voted on by the region. Approval from the Regional Congress is not required for loans or aid given by the Committee on Trade.
SECTION III - CREDIT RATINGS 1) The Committee on Trade reserves the right to determine the credit-worthiness of countries. These credit ratings are used by the Committee to determine the likelihood of a country to pay back a loan as well as the long term currency credit for sovereign bonds. Other nations are encouraged to heed these ratings although they are not forced to do so. 2) The Committee on Trade will take the credit ratings it gives when it considers giving and the terms of giving loans and sovereign bonds to other countries. While this is a component for considerations it is not the only one. A good credit rating does not promise the giving of a loan and likewise a bad credit rating does not promise that a loan will not be given. 3) The assignment of credit ratings is solely under the authority and power vested in the Committee on Trade under this act. The Regional Congress may not assign or force credit ratings to be given by the Committee on Trade.
SECTION IV - LOANS AND BONDS 1) The Committee on Trade or it's members may issue both loans and bonds to other nations. Other parts of this act may be referenced. 2) Terms of a loan or bond may include the length until it must be payed back, an interest rate, and other various terms which are unlimited in type and function. Terms of a loan or bond may be negotiated with the Committee on Trade and the receiving nation. 3) A nation has the right to petition, accept, or deny a loan or bond purchase from the Committee on Trade. 4) Loans and bond purchases may also be offered to businesses that trade internationally or have an international impact. Certain select groups may also be able to receive loans but not bond purchases. In this case both the entity must accept the loan or bond purchase as well as the country from which said entity is based. 5) Loans and bonds shall not be given for the purpose of supporting hostile or malicious actions against a government or its people. If this intent is know it will be denied. This may be appealed to the Regional Government.
SECTION V - AID 1) The Committee on Trade or it's members may issue aid packages to other nations. Other parts of this act may be referenced. 2) Terms of an aid package may apply and may include the type of aid, the extent of the aid, and various terms which are unlimited in type and function. Terms of a may be negotiated with the Committee on Trade and the receiving nation. 3) A nation has the right to petition, accept, or deny any form of aid from the Committee on Trade. 4) Various forms of aid may be offered. These include but are not limited to Humanitarian Aid, Development Aid, and Miscellaneous Aid. Section I should be regencies for definitions of these forms of aid respectively. 5) Aid shall not be given for the purpose of supporting hostile or malicious actions against a government or its people. This may be appealed to the Regional Government.
SECTION VI - FUNDING 1) Funding for all of the aforementioned shall be drawn from the Development Fund. The Development Fund shall be replenished / funded by the Regional Government as it sees fit. 2) Money gained from repaid loans or bonds shall primarily go back into the Development Fund. Once the amount that was originally used is replenished (for that particular loan or bond) then any excess shall be given to the Regional Government for its own use. 3) The Development Fund shall not be used for any purpose outside of the approved actions of the Committee on Trade or the Regional Government. It must act in accordance with this and all other acts and resolutions that apply to it.[/spoile
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Emeritus Levantx
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Jul 4 2014, 05:08 PM
Post #15
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Democracy
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I support the Draft.
BUT again I would like you to understand that in section II, article 1, "... or its members...", could be misread, so that it can mean that only 1 member alone can decide, without approval of the Committee, I suggest to rewrite it.
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Urcea
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Jul 4 2014, 05:10 PM
Post #16
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such founder very authority wow
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- DR Sawra
- Jul 4 2014, 05:08 PM
I support the Draft.
BUT again I would like you to understand that in section II, article 1, "... or its members...", could be misread, so that it can mean that only 1 member alone can decide, without approval of the Committee, I suggest to rewrite it. I echo my colleague's sentiment
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