RA meeting 14 September - results summary

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Justice Soothsayer
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RA meeting 14 September - results summary

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The RA met on Sunday 14 September and:

* Decided to meet next on 28 September 2008 in Locus Amoenus

* Approved the Chancellor’s proposed budget outlined at the 7 September 2008 meeting

* Adopted an amended Commerce Bill which:

  • * Requests the Chancellor to develop a promotional plan for commercial activity within CDS with the help of a experienced business consultant and provides authority to spend up to L$25,000 for consulting services.

    * Sets aside not less than 15% of all commercial plots owned by CDS (either through abandonment or new development) for new business development by CDS citizens, with a 50% reduction in rents; this provision is in effect until the RA meeting following the receipt of the above consultative report.

    * Repealed the 8th RA's Commerce bill providing for rent surcharges on commercial property, and indicated that re-examination of legal and other incentives for substantial commercial activity is expected after the earlier of 15 November 2008 or receipt of the above consultative report.

    * Provides that no CDS Chamber of Commerce or similar merchants group may exercise any designated advisory powers in CDS matters until it is operating under an NGO charter approved by the RA.

* Reminded one and all about the upcoming Oktoberfest.

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