Coronavirus Budgetary Considerations Act
To allow the Southern budget a degree of flexibility during the ongoing pandemic and recession
Section 1. TitleThis law shall be refered to as the Coronavirus Budgetary Considerations Act.
Section 2. Findings1. The South is currently facing a crisis which presents a significant threat to public health and the economy.
2. The effects of the pandemic and economic recession are expected to result in a significant decrease in the amount of revenue collected by the Southern Government which will likely lead to a budget decifit.
3. Important services and funding provided by the Southern Government may be under threat if no action is taken.
Section 3. Emergency Declaration1. This chamber hereby formally endorses the state of emergency declared by Former Governor West_Midlander in Executive Order #006.
2. This emergency shall allow for the Southern Government to run budget deficits for FY2020, FY2021 and FY2022 under the process set out by Article III Section 9 of the Southern Constitution.
3. The governor shall maintain the authority to rescind this state of emergency but must seek approval from the chamber to repeal Subsection 2.
Section 4. Implementation1. This law shall take effect immediately upon passage.