Section 1. FINANCE COMMITTEE ESTABLISHMENT.

(1) There is established a committee on finance, which shall have the purview of preparing the budget each fiscal year, as well as approving all bills which relate to the collection of taxes or the expenditure thereof.

Section 2. COMPOSITION OF THE FINANCE COMMITTEE

(1) The finance committee shall be composed of the Speaker, one member of the Speaker's choosing, two members of the Majority Leader's Choosing, and one member of the Minority Leader's choosing.

(2) The Majority Leader and Minority Leader shall have three days to make their appointments after the Speaker, Majority Leader, and Minority Leader are elected. Should they fail to make them, they shall their choices to the speaker.

(3) The Majority Leader and Minority Leaders must notify the Speaker of their appointments.

(4) Subsection 2 of this section shall, for the first legislative term, instead allot three days after the passage of this resolution.

Section 3. STRUCTURES AND PROCEDURES

(1) The finance committee shall be chaired by the Speaker or their designee.

(2) The state clerk shall facilitate the clerical work within the committee, or, if they so choose, delegate this task to the Speaker or their designee.

(3) Each bill designated as a bill which relates to the collection of taxes or the expenditure thereof by the speaker shall be posted within the committee subreddit to collect amendments no earlier than 3 days after it being posted on /r/ModelCentralState and no later than 10 days after it being posted on /r/ModelCentralState.

(4) All amendments proposed to the bill must receive a plurality of approval in the committee to be added to the bill.

(5) To advance to the Assembly Floor, each bill which is designated as a bill which relates to the collection of taxes or the expenditure thereof must have a plurality of approval from the committee.

(6) There shall be two days of amendment proposal, amendment voting, and bill voting each.

Section 4. IMPLEMENTATION AND SHORT TITLE

(1) This resolution shall take effect immediately after its passage.

(2) This resolution may be referred to as the Finance Committee Establishment Resolution.

Vote yea, nay, or abstain.