Page:Constitution of Iceland (1999).pdf/7

  Althingi shall normally convene in Reykjavik, but under special circumstances the President of the Republic may order that Althingi convene at another place in Iceland.

 Members of Althingi and Ministers are entitled to introduce bills and draft resolutions. Article 39 Althingi may appoint committees of its Members in order to investigate important matters of public interest. Althingi may grant authority to such committees to request reports, oral or written, from officials as well as from individuals.

 No tax may be imposed, altered or abolished except by law. Nor may loans, indebting the State, be taken or any real estate belonging to the State or the use thereof sold or in any other way disposed of, except by authority in law.

 No disbursement may be made unless authorized in the budget or the supplementary budget.

 A budget proposal for the coming fiscal year, containing a report on the revenue and expenditure of the State, shall be submitted to each regular session of Althingi upon it being convened.

 The financial accounts of the State, its institutions and administrative bodies, shall be subject to an audit by, or under the supervision of Althingi, as provided by law.

 No bill may be passed until it has received three readings in Althingi.

 Regular elections to Althingi shall take place not later than at the end of the electoral term. The beginning and end of the electoral term is on the same day of the week in a month, counting from the beginning of the month.

 Althingi decides whether its Members are legally elected and also whether a Member has lost eligibility for election to Althingi.