Legislative Branch
The Prince's involvement in legislation consists in a right to take initiatives in the form of government bills and in the right to veto parliamentary proposals. The Prince has the power to enact princely decrees. Emergency princely decrees are possible when the security and welfare of the country is at stake. A countersignature by the head of government is, nevertheless, required. The Prince has the right to convene and adjourn parliament and, for serious reasons, to adjourn it for 3 months or to dissolve it.
The Diet (Landtag) has 25 members, elected for a four year term by proportional representation in two multi-seat constituencies. Until 1989, 15 members represented the population of the two constituencies (six for the lowland area and nine for the highland area). Since 1989 the lowland constituency has been entitled to have 10 members and the highland area 15. The Parliament's main task is to discuss and adopt resolutions on constitutional proposals and draft government bills. It has the additional duties of giving its assent to important international treaties; of electing members of the government, judges, and board members of the Principality's institutions; setting the annual budget and approving taxes and other public charges; and supervising the administration of the state. The Parliament observes its rights and duties in the course of sessions of the whole Parliament and through the parliamentary commissions that it elects. All members of Parliament exercise their mandates in addition to their normal professions or occupations. The president of Parliament and his deputy are both elected at the opening meeting for the current year. The president convenes the individual meetings during the session, leads them, and represents Parliament externally. During the parliamentary recess — normally from January to February/March — a "state committee" assumes Parliament's duties, and such a committee must also be elected in the case of any adjournment or dissolution of Parliament. A "state committee" consists of the president of Parliament and four other members. The duties and working procedures of Parliament are laid down in the constitution and in Parliament's standing orders.
Moreover the people of Liechtenstein have very strong direct democratic rights. At least 1000 citizens can initiate a referendum on any law. Referendums can suspend parliament or change the constitution, but at least 1500 citizens must vote affirmative, so referendums to suspend parliament or change the constitution fail if they have low turnout even if the required percentage of total voters is met.
Read more about this topic: Politics Of Liechtenstein
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