[03-20] San Andreas Treasury Act of 2020

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[03-20] San Andreas Treasury Act of 2020

Post by Ben » Tue Feb 18, 2020 6:09 pm

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SAN ANDREAS TREASURY ACT OF 2020



SUBMITTED BY: Senator Park
SPONSORED BY: Senator Park
SENATE BILL N° 04-20



An act to establish the Office of the State Treasurer, the Treasury Department, and the Office of Contracting and Procurement within the Executive Office of the San Andreas Secretary of State for the purposes of managing the State’s finances, budget and investments.


THE PEOPLE OF THE STATE OF SAN ANDREAS DO ORDAIN AS FOLLOWS:

  • Section 1. Authorization
    1. The State Senate authorizes the establishment of the Office of the State Treasurer, the Treasury Department, and the Office of Contracting and Procurement.
    Section 2. Roles and Responsibilities
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    The State Treasurer shall:
    1. Serve as the State’s lead asset manager and financier, and implement the State budget.
    2. Manage the "Treasury Department," to finance important public programs needed for the State's future.
    3. Manage the "Office of Contracting and Procurement" within the Treasury Department, to partner with vendors and agencies to purchase quality goods and services in a timely manner and at a reasonable cost while ensuring that all purchasing actions are conducted fairly and impartially.
    4. Manage the San Andreas Community Development Fund (SACDF), to raise and invest monies on behalf of the state government, to help manage fiscal affairs, with authorization from the State Senate.
    Section 3. Reporting Requirements
    1. When the Senate is in session, the State Treasurer shall liaise with State executive departments to compile and submit monthly budget requests for government salaries and authorized programs to the State Senate.
    2. The State Treasurer shall submit an overview of all government expenditures and investments to the State Senate each month.
    3. The State Senate may vote to freeze funds directed to the State Treasurer at anytime with a simple majority vote.
    Section 4. Nomination and Confirmation
    1. The Secretary of State shall nominate the State Treasurer.
    2. The State Senate must vote to confirm the State Treasurer with a simple majority vote.
    3. When there is a vacancy in the office of the State Treasurer, the Acting Secretary of State shall serve in their place until a new State Treasurer is appointed and confirmed.


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Eugene Park
President Pro Tempore
San Andreas State Senate









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