The Business Competition Act (Inter)

From The Kodiak Republic Wiki

An act to regulate the market strength of large corporations.
Enacted during the Great Interregnum.
Amended by the Labor Reform Resolution, 645.

Article 1 - Competition Law

1.1 - Monopolies may not be established within the Kodiak Republic
1.2 - An arbitration court shall be established to mediate between business interests.
1.3 - The Business Arbitration Court shall be quarterly funded with ₣7,950,000.

Article 2 - Entrepreneurial Aide Agency

2.1 - Creates the Better Business Council [BBC]
2.1.1 - Authorizes Government loans for medium businesses, with a threshold of 5,000,000 florins annual income in the last financial year.
2.1.2 - Authorizes Government loans for small businesses, with a threshold of 1,000,000 florins annual income in the last financial year.
2.1.3 - Authorizes Government loans for start-up or micro businesses with less than 100,000 florins of starting capital.
2.2 - Funds ₣43,000,000 quarterly to the Ministry of Commerce for the administration of the BBC
2.3 - Funds ₣782,000,000 quarterly to the Better Business Council for government grants.
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