Expansion of the Chancellor’s role and investment authority Act of 2025

Expansion of the Chancellor’s role and investment authority Act of 2025

Expansion of the Chancellor’s Role & Investment Authority Act of 2025

Preamble

Whereas the Kingdom of Salanda seeks to secure and enhance its financial future, the Tepoelan enacts this Act to expand the Chancellor of the Exchequer’s role, granting them authority to manage investment funds sourced from the Crown’s Estate. The Chancellor shall be responsible for proposing and overseeing investments aimed at ensuring the long-term economic stability and growth of Salanda.

Section One - Establishment of the Chancellor’s Investment Fund

  1. A Chancellor’s Investment Fund (CIF) shall be established, consisting of a sum of British Pounds (£) allocated annually by the King of Salanda from the Crown’s Estate.
  2. The King shall determine the amount allocated each year based on the current economic conditions and the needs of the Kingdom.
  3. The allocated sum shall be exclusively used for investment purposes and may not be diverted for other government expenditures without Tepoelan approval.

Section Two - Powers & Responsibilities of the Chancellor

  1. The Chancellor of the Exchequer shall be granted the authority to propose and oversee financial investments aimed at ensuring the financial stability and future prosperity of Salanda.
  2. Investment proposals may include, but are not limited to:
    • Stock market and asset investments.
    • Infrastructure development and public projects.
    • Business and trade expansion, both domestic and international.
    • Research, innovation, and technology funding.
    • Real estate acquisitions for national benefit.
    • Strategic economic reserves and savings.
  3. The Chancellor shall submit all proposed investments for approval to the King and the Prime Minister before execution.

Section Three - Oversight & Accountability

  1. A National Investment Committee (NIC) shall be established within the Tepoelan to oversee the Chancellor’s investment activities.
  2. The Chancellor must submit quarterly financial reports to the NIC and the Supreme Court of Salanda detailing:
    • Investments made.
    • Projected and actual financial returns.
    • Impact on Salanda’s economic growth.
  3. If any allegations of financial misconduct arise, the Supreme Court of Salanda shall conduct an independent review and recommend appropriate action.

Section Four - Implementation & Future Amendments

  1. This Act shall take effect immediately upon passage.
  2. The Tepoelan retains the authority to amend this Act with a two-thirds majority vote, subject to the approval of the King.
  3. The Chancellor’s investment authority shall be subject to annual review to assess effectiveness and necessary adjustments.