We are working on a brand new version of the game! If you want to stay informed, read our blog and register for our mailing list.
Bill: KALNAFERCO Charter, February 4527
Details
Submitted by[?]: Socialist Party of Kalistan (SPoK)
Status[?]: passed
Votes: This bill is a resolution. It requires more yes votes than no votes. This bill will not pass any sooner than the deadline.
Voting deadline: October 4527
Description[?]:
| This Bill aims at the Reestablishment of the Kalistani National Ferromineral Company (KalNaFerCo), established in 3913. The KalNaFerCo shall engage in all exploration, resource exploitation and refining activities for all Iron, coal, and steel found within the National Territory of Kalistan. In accord with the Limited Nationalization Law, the nationalization will remain in effect for 20 years, but may be reauthorized before July 4547. If re-authorization of this Charter does not occur before that time, the Firm is considered liquidated according to the terms below. Major Deposits covered by this Act include: * The Neveras Iron Range * Any subsidiary or related Iron ranges which may be discovered and are related to the Neveras Iron Range. This Bill also directs the Finance Minister to allocate funds sufficient to open, fully staff and operate for a contract term of 20 years the Kalistani National Ore Refinery located in Bong Valley, Neveras. This operational lease will be automatically extended following a reauthorization of this Act. Additionally, all effort should be taken to ensure that the smelting process be conducted in the most environmentally safe and conscious manner, and no expense will be spared in the effort to ensure that the environment is not degraded due to the development. The Finance Minister will furthermore allocate all necessary funds to purchase, construct or contract for all infrastructure needed to take all ferrominerals and hydrocarbons (coal) from the Neveras Range to the refinery, as well as transport refined iron to the National Foundry in Port Elga, Sulari, Suldanor for production of steel. KALNAPECO will be the sole wholesale supplier of ferrominerals in Kalistan. This includes raw iron ore, pig iron and steel, and other products produced at the National Iron Refinery in Neveral and the National Steel Works in Suldanor. Ferrominerals may be purchased by private retail distributors at Spot Cost plus 1 percent for distribution to consumers or other companies. The Ministry of Industry shall oversee the operation and the maintenance of KALNAFERCO, as well as determining the wholesale cost for refined iron and steel. Iron Ore refined at the National Iron Refinery and steel produced at the National Foundry will be designated to supply Republican Strategic demand first, and then shall be sold to Kalistani purchasers next. Any surplus will then be offered to the world market at current market prices, or the wholesale price, which ever is greater. KALNAFERCO will adopt the dual economic system with regard to management. Stock will be publicly traded in the Kalistani Stock Market (Kalsie) under the stock symbol KNF. The Kalistani Republican Government will control 50.1% of all stock released, and the remaining 49% of the stock will be available to be sold with preference to Kalistani investors. The Kalistani Government is authorized to pay nationalization compensation equal to the full value that was paid by private investors for the assets, and any compensation disputes may be settled with ten year bonds issued by the Republican National Treasury. The corporate structure of KALNAFERCO shall imitate all other Dual Economy structures, with more than half of all officers hired from existing employees, who themselves are subject to Employee votes of confidence, while the remaining offices are filled by the stockholders, or their representatives on the Board of Directors. The Chief Executive Officer will be directly elected by the Employees of the Company, while the Chief Financial Officer will be appointed by the Stockholders. The Republican Government will have no role in naming any member of the Board of Directors. The Government of Kalistan is hereby prohibited from transference of any of its stock in the company into private ownership or trusteeship. In the event that Kalistan seeks to divest itself of its controlling interest in the firm, the entire company shall be considered liquidated, and all operations in regards to exploration, extraction, refinement and distribution of Kalistani ferrominerals from Kalistani deposits shall cease. This Act will be enacted upon receiving an affirmative vote from a majority of the seats in the Chamber of Deputies. The Chamber of Deputies shall enact all laws necessary and proper to the correct operation of this Charter. This Act may be amended by a 2/3rds affirmative vote of the Chamber of Deputies. The full, amended Charter must be included in the description of Amendment Act. |
Proposals
Debate
These messages have been posted to debate on this bill:
| Date | 19:03:49, February 06, 2019 CET | From | Socialist Party of Kalistan (SPoK) | To | Debating the KALNAFERCO Charter, February 4527 |
| Message | This charter is the same as the KALNAPECO charter, except amended where appropriate to reflect the Ferromineral production capacities of the Republic. |
subscribe to this discussion - unsubscribe
Voting
| Vote | Seats | ||||||
| yes |
Total Seats: 238 | ||||||
| no | Total Seats: 33 | ||||||
| abstain | Total Seats: 0 |
| Random fact: The use of proxy servers makes it impossible to detect multiing and is therefore forbidden. Players who access Particracy through a proxy will have their accounts inactivated. |
| Random quote: "Too bad all the people who know how to run the country are busy driving taxi cabs and cutting hair." - George Burns |