Earlier this term, the 32nd RA made cosmetic changes to the act, updating references from "City" to "CDS", and agreeing to revisit this Act later. I now propose that NL 4-6 Financial Reserves Act be reclassified as "Archaic", as part of a package of measures including updates to NL 5-5 Treasurer Act and NL 5-6 Estate Owner Act.
NL 4-6 Financial Reserves Act may be viewed at https://cdsdemocracy.org/faqs/nl-4-6-fi ... erves-act/ It requires a separate "reserve account" to contain "enough funds to pay all recurring CDS expenses for a period of two months absent other income".
Since NL 4-6 was first passed in 2006, CDS has been fortunate to accrue a reserve fund, well exceeding two months of expenses. In an ongoing effort to improve manageability and transparency, these funds will no longer held in a separate "reserves avatar" account. Instead, all CDS funds shall be held in the "Estate Owner avatar" account. The publicly available monthly financial reports produced by the Treasurer clearly show these amounts under "Current Assets", allowing any Citizen to directly assess the CDS financial position.