Two acts passed to regulate economy, promote agricultural sector

Standard

Baile an t-Úllghort, 5ú Márta –

The Co-Presidents met again today at Orchardstown to review and sign into law two acts which they felt necessary to ensure the growth of the economy. The first act to be signed into law was the Registrar of Commercial Entities Act 2015. It created the Registrar of Commercial Entities, a body run by the National Treasury to oversee the activities of companies operating within the Confederation, and to give citizens a facility through which to establish a company. An official register will be kept listing all the commercial entities legally trading within the Confederation. The Registrar will issue Certificates of Incorporation to new companies who meet the regulations, and possession of this document will be mandatory to operate in Leylandiistan & Gurvata. The National Treasury will also have to analyse the accounts of all companies at the end of the year, while companies based in the Saint Josephsburg Economic Pact can trade in the Confederation by applying for an operating license, a privilege not granted to companies from other countries.

soralogo

The logo of the new State Organic Regulation Authority (SORA)

The second act, the Agricultural Regulations Act 2015, transformed the agricultural sector today. Firstly, the first micronational organic certification programme was set up, with a new agency, the State Organic Regulation Agency (SORA) to manage it. Secondly, all agri-chemicals, a new legal term referring to synthetic inputs in agricultural practises, are prohibited, though a list of inputs approved by SORA will be allowed for use by growers in the Confederation. Section 1.4 firmly established the government as a proponent of the organic movement, as the growing of genetically modified organisms was outlawed entirely.

The government will also begin supporting farmers in the Confederation through new agricultural payments appropriated in the National Budget. Payments will typically be made directly to farmers. However, the Act also allowed for the formation of agricultural co-operatives, where farmers could work collectively and use common funds to improve equipment and facilities. The Act allowed agricultural payments to be made directly to these co-operatives, meaning a farmer’s funding would be made to his/her co-operative instead of to them directly.

Finally, construction work is nearing completion at Orchardstown, where the most exciting development in the Confederation’s history is due to take place. A purpose built building for use by the government and neighbouring co-operatives is being built north of An Fheirm, south of Orchardstown. Work is also being carried out at An Fheirm Cooperative, where the amount of land being cultivated is being tripled. More on this in our next report!

Advertisements

2 thoughts on “Two acts passed to regulate economy, promote agricultural sector

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s