[Proposal] Regional Currency Act - Feather

[Drewlantis]

Because it will be a major part of the region, being inclusive of salaries, and even potentially delegated admin access. 

To begin with it will be ad-hoc, but as things progress with it there will be requirements for regulation of it.

During the CU I also proposed this as a working draft:

Regional Economy ActThe Cosmic Council of Lazarus enacts:PART 1 — PRELIMINARY1: Purposes
The purposes of this Act are to establish the –
(1) Regional currency.
(2) Regional banking system.
(3) Regional treasury.
(4) Taxation system.
(5) Miscellaneous Provisions.

2: Terminology
PAYE: Pay taxes at the point of earning income. 

3: Commencement
This Act comes into operation upon passage.

PART 2 — TEXT1: Regional Currency
(1) The Currency or Legal Tender of the Celestial Union of Lazarus shall be named 'X'.
(2) The Committee for the Interior shall be responsible for securing the Currency or Legal Tender.
(3) The Committee for the Interior, aided by forum administrators and moderators, will manage transactions.

2: Regional Banking System
(1) The Regional Bank of Lazarus shall be named 'Y'.
(2) The Committee for the Interior shall oversee banking operations.
(3) New bank accounts will receive a 'X' 25,000 starting bonus.

3: Regional Treasury
(1) The Regional Treasury shall be named 'Z'.
(2) The Committee for the Interior shall oversee salaries for government employees.
(3) The Treasury, on behalf of the Cosmic Council, will set salaries for government employees.
(4) The Committee for the Interior shall have the ability to appoint a treasurer:
A. The Treasurer must be a member of the Committee of the Interior.
(5) The Treasurer in their absence can have their duties performed by:
A. Bishops or Clerics designated by the Treasurer. 
B. Forum administrators or global moderators.

4: Taxation System
(1) The annual regional tax rate shall be 'A' on salaries.
(2) Taxes will be deducted on a PAYE basis by either:
A. The Regional Treasury in the case of government salaries.
B. The Regional Bank in the case of other income.

5: Miscellaneous Provisions
(1) Awards and Prizes shall have taxes deducted on a PAYE basis.

Based upon the existence of this impending proposition, it is evident that the bill in question for establishing a regional currency is not just an additional regional aesthetic.
Building on this knowledge I would be against the wording of the current bill as 1) it doesn't fully capture the purpose for a regional currency and 2) it would require either the subsequent monetary bills to be written in such a way to be easily established concurrently with this one, or they would have to be written to assimilate the aspects of this bill and then to replace it (per parliamentary procedure).

This makes it seem as though it simply would be more efficient to hold off on passing this bill in favor of passing your more fleshed out and complete bill, which I would fully support as well btw.