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Monaco National Council is the legislative body or the parliament of Monaco. Monaco National Council includes twenty-four members. All the members of the legislative body of the Principality of Monaco get elected from lists by universal suffrage. Monaco National Council gets elected for a five-year terms. Although the prince of Monaco acts as the formulator of legislation but all laws formulated by the prince must get an approval from the legislative branch of Monaco that is the National Council. National Council of Monaco can act independently of the Prince of Monaco. The Prince of Monaco may sometimes dissolve the National Council but in that case a new election for the formation of new legislative body should be held within three months.
Monaco legislature organizes meeting at least for two times of a year to vote on the budget of the country. The National Council of Monaco also meets every year to vote on the bills projected by the government of prince. The executive orders, which are also known as ordinances are considered in the Council of Government. Within eighty days of the approval of the ordinances they must be passed on to the prince for his signature. The signature of the prince of Monaco makes the ordinances officially enforceable. But if the prince failed to express resistance against the ordinance within ten days of the submission of ordinance, it gradually becomes valid. Last Parliamentary elections of Monaco were held on 9 February 2003. A three opposition party's coalition called the Union for Monaco completely succeeded the election against their key adversaries known as the Rally for Monaco.
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