Monetary & Fiscal Act of 2020

The Monetary & Fiscal Act of 2020 (Law 4; TAX.4.2) is a law that establishes the Bank of Adoria and entrusts it with the responsibility to create the sole legal tender of the Fifth Adorian Republic.
First authored by Epstein Didn't Kill Himself (SoL-Syn.), Johannes (LU-Akl.), Metaphysical Monke (UWF-Lmn.) and Parsa (ARP-Hss.), it has been amended twice, most recently by the Bank Stability Act enacted .
== Full text ==
=== Text as amended, Mar 13, 2021 ===
=== Original text ===
==== Monetary & Fiscal Act of 2020 ====
Author(s): MPs Epstein, Johannes, & Metaphysical, Parsa
===== Preamble: =====
In order to create a prosperous economy for the nation of Adoria, the Monetary & Fiscal Act of 2020 or MFA:20 seeks to establish a nationally accepted currency as well as the overturning of our nation’s abundant resources directly to the people. 
===== Act I: Monetary Policy =====
:Section I: Upon the passage of MFA:20, the Bank of Adoria will be created with the duties of issuing currency and providing loans.
:Section II: The currency issued by the Bank of Adoria will be treated as legal tender acceptable for all government taxes, duties, and debts.
:Section III: The chair of the Bank of Adora will be elected by a majority vote by the National Assembly every month. 
:Section IV: The first chair of the Bank of Adoria will be Epstein Didn’t Kill Himself#8897.
:Section V: The chair of the bank has the ability to be removed by a majority vote in the Parliament.
===== Act II: Interior Resources =====
:Section I: The nation of Adoria will establish surveyors to seek out and report the resources encompassing the nation of Adoria.
:Section II: The nation of Adoria will establish the boundaries for plots of land encompassing the resources of which are to be auctioned at a price to be determined by federal or state authorities.
===== Action III: Currency Value =====
:Section I: A price of fifty-dollars per campaign advertisements will be imposed. 
:Section II: The proceeds of the money collected from campaign advertisements is to be removed from the economy entirely.
== External links ==
* Monetary & Fiscal Act of 2020 on Google Docs
* TAX.4.2 Monetary & Fiscal Act of 2020 on the Legislation Portal
Category:National laws of the Fifth Adorian Republic
Category:Tax legislation in the Fifth Adorian Republic