S.23-1.1: Greenland New Deal Act

[reagente]

GREENLAND NEW DEAL ACT

TITLE I: CONTINGENT EFFECT

1. This act shall be contingent upon the entering into an international agreement between the Republic of Atlasia and Denmark for the acquistion of Greenland as a Southern State.

2. This act shall take effect immediately upon the occurence of the contingency identified above.

TITLE II: EXPENDITURES AND TRUST FUNDS

1. $15 Billion is hereby transferred from the Rainy Day Fund for the purpose of assisting in the purchase of Greenland from Denmark.

2. There is hereby created the Greenland Development Trust Fund (GDTF).

A. The fund shall be used for the support and development of infrastructure and environmental protection projects including but not limited to transportation infrastructure, telecommunications infrastructure, wilderness and wildlife conservation, and environmental remediation not eligible for federal funds under CERCLA. This goal shall be achieved through public and private collaboration.

B. The Trust Fund will be performing an essential governmental function in the exercise of the powers conferred upon it. Gifts, contributions, grants, devises, and bequests, whether personal or real property, and the income therefrom, accepted by the Trust Fund, shall be deemed to be gifts to the Regional government, which shall be exempt from all taxes, and shall be regarded as the property of the Southern Region for the purposes of all tax laws.

C. $3 Billion is hereby transferred from the Rainy Day Fund into the GDTF.

3. There is hereby created the Greenland People's Trust Fund (GPTF).

A. The fund shall be used for the benefit of the people of Greenland, and each person living in Greenland at the time of accession into the Southern Region shall have a vested property ownership interest in an equal share of the initial $4.5 Billion endowment. Any such person shall be entitled to withdraw up to their full share at any time. Any amounts not withdrawn from the GPTF shall be invested and the proportionate share of the return on investment shall vest in the owners of such share, for the perpetuity of the fund.

B. The Trust Fund will be performing an essential governmental function in the exercise of the powers conferred upon it. Gifts, contributions, grants, devises, and bequests, whether personal or real property, and the income therefrom, accepted by the Trust Fund, shall be deemed to be gifts to the Regional government, which shall be exempt from all taxes, and shall be regarded as the property of the Southern Region for the purposes of all tax laws.

C. $4.5 Billion is hereby transferred from the Rainy Day Fund into the GPTF.

4. There is hereby created the Greenland Subsidy Trust Fund (GSTF).

A. The fund shall be used to compensate the State government of Greenland for governmental expenses. The State government of Greenland may withdraw up to $500 Million from the GSTF annually.

B. The Trust Fund will be performing an essential governmental function in the exercise of the powers conferred upon it. Gifts, contributions, grants, devises, and bequests, whether personal or real property, and the income therefrom, accepted by the Trust Fund, shall be deemed to be gifts to the Regional government, which shall be exempt from all taxes, and shall be regarded as the property of the Southern Region for the purposes of all tax laws.

C. $2.5 Billion is hereby transferred from the Rainy Day Fund into the GSTF to pre-fund the first five (5) years of subsidies.

5. The people of Greenland shall be entitled to periodically conduct popular referenda on the applicability of Southern Regional laws to the State, the results of which shall be binding if ratified by a subsequent Regional law.

sponsor: Listman

[Mr. Reactionary]

This is a contingent law related to the greenland deal

[Mr. Reactionary]

Yes and I would like to add, I will prohibit funds being issued should any deal with the Federal Government and Greenland not include it being added to the South.

I would propose an amendment this legislation, limiting the issuance of funds to the Governor's discretion.

Dont worry, the contingent effect language means if Greenland does not become a southern state the law never takes effect

[Mr. Reactionary]

Proposed Amendments based on negotiations.

GREENLAND NEW DEAL ACT

TITLE I: CONTINGENT EFFECT

1. This act shall be contingent upon the entering into an international agreement between the Republic of Atlasia and Denmark for the acquistion of Greenland as a Southern State.

2. This act shall take effect immediately upon the occurence of the contingency identified above.

TITLE II: EXPENDITURES AND TRUST FUNDS

1. $15 Billion is hereby transferred from the Rainy Day Fund for the purpose of assisting in the purchase of Greenland from Denmark.

2. There is hereby created the Greenland Development Trust Fund (GDTF).

A. The fund shall be used for the support and development of infrastructure and environmental protection projects including but not limited to transportation infrastructure, telecommunications infrastructure, wilderness and wildlife conservation, and environmental remediation not eligible for federal funds under CERCLA. This goal shall be achieved through public and private collaboration.

B. The Trust Fund will be performing an essential governmental function in the exercise of the powers conferred upon it. Gifts, contributions, grants, devises, and bequests, whether personal or real property, and the income therefrom, accepted by the Trust Fund, shall be deemed to be gifts to the Regional government, which shall be exempt from all taxes, and shall be regarded as the property of the Southern Region for the purposes of all tax laws.

C. $3 Billion is hereby transferred from the Rainy Day Fund into the GDTF.

D. At least $1 Billion of this amount shall be reserved for airport and air traffic development and maintenance.

E. At least $1 Billion of this amount shall be reserved for the construction of new housing and related development within Nuuk with the goal of providing a house to each family in Greenland located within Nuuk.

F. At least $200 Million of this amount shall be reserved for the purchase of snowmobiles with the goal of providing a snowmobile for each family in Greenland.

3. There is hereby created the Greenland People's Trust Fund (GPTF).

A. The fund shall be used for the benefit of the people of Greenland, and each person living in Greenland at the time of accession into the Southern Region shall have a vested property ownership interest in an equal share of the initial $4.5 Billion endowment. Any such person shall be entitled to withdraw up to their full share at any time. Any amounts not withdrawn from the GPTF shall be invested and the proportionate share of the return on investment shall vest in the owners of such share, for the perpetuity of the fund.

B. The Trust Fund will be performing an essential governmental function in the exercise of the powers conferred upon it. Gifts, contributions, grants, devises, and bequests, whether personal or real property, and the income therefrom, accepted by the Trust Fund, shall be deemed to be gifts to the Regional government, which shall be exempt from all taxes, and shall be regarded as the property of the Southern Region for the purposes of all tax laws.

C. $4.5 Billion is hereby transferred from the Rainy Day Fund into the GPTF.

4. There is hereby created the Greenland Subsidy Trust Fund (GSTF).

A. The fund shall be used to compensate the State government of Greenland for governmental expenses. The State government of Greenland may withdraw up to $5600 Million from the GSTF annually.

B. The Trust Fund will be performing an essential governmental function in the exercise of the powers conferred upon it. Gifts, contributions, grants, devises, and bequests, whether personal or real property, and the income therefrom, accepted by the Trust Fund, shall be deemed to be gifts to the Regional government, which shall be exempt from all taxes, and shall be regarded as the property of the Southern Region for the purposes of all tax laws.

C. $2.5 3 Billion is hereby transferred from the Rainy Day Fund into the GSTF to pre-fund the first five (5) years of subsidies.

5. The people of Greenland shall be entitled to periodically conduct popular referenda on the applicability of Southern Regional laws to the State, the results of which shall be binding if ratified unless overturned by a subsequent Regional law passing with 2/3rds of the whole Chamber.

6. The government of Greenland shall have the exclusive power to regulate and control hunting and fishing within the territorial boundaries thereof.

[fhtagn]

If there are no objections to the proposed amendment above, we will consider it adopted.

[reagente]

Motioning for a final vote. 24 hours to object.

[reagente]

No Objection.

A final vote on this bill is now open for 72 hours, or until 24 hours after this has enough votes to pass or fail, or until everybody votes, whichever occurs soonest.

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Aye

[RFayette]

Aye

[UlmerFudd]

aye

[fhtagn]

Aye

[ListMan38]

aye

[reagente]

Voted Closed. Bill passes. 5-0.

[President Punxsutawney Phil]

Good bill.