MegaMinerM
Speaker of the Parliament of the Stratham Republic
Speaker of the Parliament
Member of Parliament
Department of Economy
Department of Public Affairs
Lawyer
Donator
MegaMinerM
Speaker of Parliament
Monetary Operations for National Economic Yield Act (MONEY Act)
A
Bill
To
Establish a partnership between the government and private banks for grant management and distribution, ensure financial support for banks during economic hardships, and enhance funding through government bonds while fostering economic stability and growth.
The Parliament of Stratham enacts:
Section 1. Short Title
(1) This Act shall be cited as the Monetary Operations for National Economic Yield Act, or MONEY Act.
Section 2. Commencement
(1) Sections 3 through 8 shall come into effect 10 days after passage.
(2) Applications for private banks to participate in the grant program and financial support framework shall open immediately upon passage.
Section 3. Reasoning
(1) The grant application and distribution process can be streamlined through partnerships with private banks, ensuring efficiency and accessibility for players.
(2) Economic stability can be bolstered by providing financial support to banks during periods of hardship or economic stagnation.
(3) A collaborative approach ensures that both government and private entities contribute to fostering growth and stability in Stratham’s economy.
Section 4. Definitions
(1) Recession: A period of economic decline lasting at least two months, characterized by a decrease in the government balance and the Total Transaction Volume or other key indicators such as employment and consumer spending.
(2) Financial Hardship (for Banks): A situation where a bank is unable to meet financial obligations or maintain liquidity due to systemic economic issues or mismanagement.
(3) Low Economic Growth or Activity: A sustained period of economic stagnation, defined as:
(a) Government Balance and Total Transaction Volume growth of less than 1% over two consecutive months.
(b) A significant reduction in market transactions, investments, or player activity on the server.
(4) Participating Banks: Private banks registered through the Private Bank Registration Application (PBRA), approved by the Central Insurance Agency (CIA) for at least six months, and licensed by the government to manage grant distribution.
(5) Government Bonds: Debt securities issued by the government to raise funds for public programs, managed by private banks for purchase, sale, and resale.
Section 5. Establishment of the Grant Program
(1) Outsourcing Grant Management:
(a) The government shall outsource grant management and distribution to eligible licensed private banks.
(b) Participating banks shall be responsible for:
(i) Accepting and reviewing grant applications based on government-defined criteria.
(ii) Verifying applicant eligibility.
(iii) Distributing approved grant funds efficiently.
(2) Grant Categories and Amounts:
(a) Business Grant: Up to 10,000 Krunas per application, available once per month.
(b) Start-Up Company Grant: Up to 15,000 Krunas for startups or 17,500 Krunas for new players.
(c) Right to Buy Home Grant: Up to 10,000 Krunas for players purchasing their first property.
(d) Further Grants may be created upon request of the Department of Economy.
(3) Eligibility and Application Process:
(a) Requirements and application formats for each grant shall remain consistent with the current government grant system.
(b) Private banks will facilitate application submissions, review processes, and grant disbursements.
Section 6. Financial Support for Banks
(1) Administrative Fees:
(a) The government shall allocate 10% of grant funds as administrative fees to compensate participating banks.
(2) Liquidity Support:
(a) Initial funding will be provided to ensure banks have liquidity for managing grants.
(3) Economic Hardship Assistance:
(a) During times of recession, financial hardship, or low economic growth, the government shall provide:
(i) Emergency Liquidity Support: A one-time injection of funds to stabilize at-risk banks.
(ii) Operational Subsidies: Temporary financial aid to cover costs if grant activity declines.
(4) Conditions for Support:
(a) Banks must demonstrate financial need through transparent reports.
(b) Support shall be granted only if hardship is caused by external economic factors, not mismanagement.
Section 7. Government Bonds
(1) Issuance of Bonds:
(a) Government bonds shall be issued to fund grant programs and economic initiatives.
(2) Role of Private Banks:
(a) Banks shall manage the purchase, sale, and resale of government bonds.
(b) Banks shall receive a 1% commission on all bond transactions.
Section 8. Oversight and Accountability
(1) Government Guidelines:
(a) The government shall publish detailed criteria for grant eligibility, application, and distribution.
(2) Audits and Reporting:
(a) Banks must submit quarterly reports on grant management and financial aid received under this act.
(b) Transactions involving government bonds shall also be reported and audited.
Section 9. Funding
(1) The government shall allocate an initial budget of 500,000 Krunas to cover:
(a) Grant funds.
(b) Administrative fees.
(c) Liquidity support.
(d) Economic hardship assistance measures.
(2) Additional emergency funds shall be drawn from the government balance during periods of economic hardship.
Authored by MegaMinerM on behalf of the People of Stratham.
A
Bill
To
Establish a partnership between the government and private banks for grant management and distribution, ensure financial support for banks during economic hardships, and enhance funding through government bonds while fostering economic stability and growth.
The Parliament of Stratham enacts:
Section 1. Short Title
(1) This Act shall be cited as the Monetary Operations for National Economic Yield Act, or MONEY Act.
Section 2. Commencement
(1) Sections 3 through 8 shall come into effect 10 days after passage.
(2) Applications for private banks to participate in the grant program and financial support framework shall open immediately upon passage.
Section 3. Reasoning
(1) The grant application and distribution process can be streamlined through partnerships with private banks, ensuring efficiency and accessibility for players.
(2) Economic stability can be bolstered by providing financial support to banks during periods of hardship or economic stagnation.
(3) A collaborative approach ensures that both government and private entities contribute to fostering growth and stability in Stratham’s economy.
Section 4. Definitions
(1) Recession: A period of economic decline lasting at least two months, characterized by a decrease in the government balance and the Total Transaction Volume or other key indicators such as employment and consumer spending.
(2) Financial Hardship (for Banks): A situation where a bank is unable to meet financial obligations or maintain liquidity due to systemic economic issues or mismanagement.
(3) Low Economic Growth or Activity: A sustained period of economic stagnation, defined as:
(a) Government Balance and Total Transaction Volume growth of less than 1% over two consecutive months.
(b) A significant reduction in market transactions, investments, or player activity on the server.
(4) Participating Banks: Private banks registered through the Private Bank Registration Application (PBRA), approved by the Central Insurance Agency (CIA) for at least six months, and licensed by the government to manage grant distribution.
(5) Government Bonds: Debt securities issued by the government to raise funds for public programs, managed by private banks for purchase, sale, and resale.
Section 5. Establishment of the Grant Program
(1) Outsourcing Grant Management:
(a) The government shall outsource grant management and distribution to eligible licensed private banks.
(b) Participating banks shall be responsible for:
(i) Accepting and reviewing grant applications based on government-defined criteria.
(ii) Verifying applicant eligibility.
(iii) Distributing approved grant funds efficiently.
(2) Grant Categories and Amounts:
(a) Business Grant: Up to 10,000 Krunas per application, available once per month.
(b) Start-Up Company Grant: Up to 15,000 Krunas for startups or 17,500 Krunas for new players.
(c) Right to Buy Home Grant: Up to 10,000 Krunas for players purchasing their first property.
(d) Further Grants may be created upon request of the Department of Economy.
(3) Eligibility and Application Process:
(a) Requirements and application formats for each grant shall remain consistent with the current government grant system.
(b) Private banks will facilitate application submissions, review processes, and grant disbursements.
Section 6. Financial Support for Banks
(1) Administrative Fees:
(a) The government shall allocate 10% of grant funds as administrative fees to compensate participating banks.
(2) Liquidity Support:
(a) Initial funding will be provided to ensure banks have liquidity for managing grants.
(3) Economic Hardship Assistance:
(a) During times of recession, financial hardship, or low economic growth, the government shall provide:
(i) Emergency Liquidity Support: A one-time injection of funds to stabilize at-risk banks.
(ii) Operational Subsidies: Temporary financial aid to cover costs if grant activity declines.
(4) Conditions for Support:
(a) Banks must demonstrate financial need through transparent reports.
(b) Support shall be granted only if hardship is caused by external economic factors, not mismanagement.
Section 7. Government Bonds
(1) Issuance of Bonds:
(a) Government bonds shall be issued to fund grant programs and economic initiatives.
(2) Role of Private Banks:
(a) Banks shall manage the purchase, sale, and resale of government bonds.
(b) Banks shall receive a 1% commission on all bond transactions.
Section 8. Oversight and Accountability
(1) Government Guidelines:
(a) The government shall publish detailed criteria for grant eligibility, application, and distribution.
(2) Audits and Reporting:
(a) Banks must submit quarterly reports on grant management and financial aid received under this act.
(b) Transactions involving government bonds shall also be reported and audited.
Section 9. Funding
(1) The government shall allocate an initial budget of 500,000 Krunas to cover:
(a) Grant funds.
(b) Administrative fees.
(c) Liquidity support.
(d) Economic hardship assistance measures.
(2) Additional emergency funds shall be drawn from the government balance during periods of economic hardship.
Authored by MegaMinerM on behalf of the People of Stratham.