Act 86-1 (Repealed by Act 98-3)
SECTION I
Rent-a-Giftie will be established for the purpose of raising money for the senior trip. Students and counselors of the Governor’s Program for Gifted Children may lease other students and counselors and be leased by them. Persons rented during the proceeding will be called “Renties”.
SECTION II
Persons renting fellow students or counselors will not be allowed to spend more that twenty dollars ($20.00) during the proceeding, but may rent an unlimited number of people. No limit will be established for the amount for which a person may be rented.
SECTION III
First year students and seniors will be required to be renties. No one will be required to rent against their wishes.
Acts of 1987 through 89 are lost
Act 90-1
All pre-1990 Acts of Legislature that were not printed in the 1990 Complete Student Government Documents are repealed.
Act 90-2
This Act, the so called “Bobwalking Bill” was vetoed by the Governor.
Act 90-3
SECTION I
Recyclable materials are those materials that have recycling locations for them in the vicinity.
SECTION II
The Lieutenant Governor shall be responsible for the placement of receptacles and their designation. The receptacles should be clearly labeled and placed in appropriate locations. All students shall be required to dispose of these materials by depositing them in the appropriate receptacle.
SECTION III
The penalty for the failure to deposit recyclable materials in the appropriate location shall be a fine levied by the Lieutenant Governor. The fine should be the approximate value of the amount of the recyclable material not deposited in the receptacle, and is not to exceed one dollar.
Act 90-4
(This Act amended the Code of Student Behavior. The Editor has incorporated the amendments in the edition of the Code published in this booklet. Reprinting the text of the Act here would, therefore, be redundant.)
Act 97-1
ESTABLISHMENT OF THE SECURITIES EXCHANGE COMMISSION (SEC)
SECTION I
(1) WHEREAS The Government recognizes that the establishment of a securities market would further the educational opportunities at the GPGC, and that such a market may not be totally unregulated in order to protect student corporations and investors, it does hereby order the immediate creation of a Securities Exchange Commission to regulate the student securities market.
(2) The purpose of the SEC is to oversee all activities involving securities. The Student Court of the GPGC shall act as the SEC. The SEC shall rule over cases pertaining to corporate security issues and the exchange of these securities. The SEC shall have the power to sentence and penalize any member(s) of the GPGC community who is in violation of a SEC law. All members of the GPGC community shall abide by the regulations generated by the SEC pertaining to securities.
SECTION II
ESTABLISHMENT OF THE OFFICE OF SEC COMMISSIONER
(1) The office of the SEC Commissioner is hereby created to facilitate the day to day operations
of the securities market. The SEC Commissioner shall be a student appointed by the GPGC Stock Market Advisory Faculty Committee, which shall be formed each GPGC session by the Director of the GPGC.
(2) The role of the SEC Commissioner is to execute the laws stated in this Act as well as all regulations created by the SEC hereafter, using this Act as a guideline for future regulations.
(3) The duties of the SEC Commissioner are as follows:
(a) act as the Securities Advisor to the Prosecuting Attorney when a Security law is violated
(b) record and report security transactions.
(c) Submit a weekly corporate report summary to The Thinker staff no later than 8:00 a.m. each Friday.
(4) The wages of the SEC Commissioner shall not exceed that of the Governor.
(5) Because a conflict of interest may exist, the SEC Commissioner shall not be eligible to participate in the GPGC Stock Market or offer investing advice to any other member of the GPGC community regarding the GPGC Stock Market.
SECTION III
CODE OF ETHICS
(1) The SEC, concordance with the SEC Commissioner, shall use the following Code of Ethics as its guidelines for the generation and enforcement of all regulations pertaining to the issuance and trade of securities by corporations.
(2) A corporation retains the right to:
(a) withhold any information regarding unique goods and services from the public
(b) invest money and time in any endeavor passed by majority vote of stockholders.
(c) decide the amount of dividends and the schedule upon which dividends are paid to investors.
(d) own stock freely, a corporation can not be forced to sell stock.
(3) An investor retains the right to
(a) inspect all corporate records, policies and transactions
(b) expect investments not to be exposed to excessive risk due to corporate negligence
(c) receive a percentage of assets at the end of the fiscal period indirect proportion to his or her percentage of corporate stock holdings
(d) own stock freely, an investor can not be forced to sell stock.