The President of Iceland shall be elected by the people.
Any person who is thirty-five years of age and fulfils the requirements necessary to vote in elections to Althingi, with the exception of the residency requirement, is eligible to be elected President.
The President shall be elected by direct, secret ballot of those who are eligible to vote in elections to Althingi. A presidential candidate shall be proposed by not less than 1500 voters and not more than 3000. The candidate, if there is more than one, who receives the most votes is duly elected President. If there is only one candidate, he is duly elected without a vote.
Further provision shall be made by law for the candidature and election of the President, and it may be provided that a specific number of proposers shall be from each quarter of the country in proportion to the number of voters there.
The President's term of office begins on the 1st of August and ends on the 31st of July four years later. The election of the President takes place in June or July of the year in which the term ends.
If the President dies or resigns prior to the expiry of his term, a new President shall be elected for a period ending on the 31st of July of the fourth year from the election.
If the Office of President of the Republic becomes vacant or if the President is unable to perform his duties because of a stay abroad, illness, or other reasons, the Prime Minister, the President of Althingi and the President of the Supreme Court shall exercise presidential authority. The President of Althingi shall preside at their meetings. In a divergence of opinion among them, the majority shall prevail.
The President of the Republic may not be a Member of Althingi or accept salaried employment in the interest of any public institution or private enterprise.
Disbursements from State funds to the President or those who exercise presidential authority shall be established by law. These disbursements to the President may not be reduced during his term of office.
On assuming office, the President shall take an oath or pledge to uphold the Constitution. Two identical originals shall be made of this oath or pledge. One is to be kept by Althingi and the other by the National Archives.
The President of the Republic is not responsible for executive acts. The same applies to those who exercise presidential authority.
The President may not be prosecuted on a criminal charge except with the consent of Althingi.
The President may be removed from office before his term expires if approved by a majority vote in a plebiscite called pursuant to a resolution adopted by three-fourths of the Members of Althingi. This plebiscite shall be held within two months from the date of adoption by Althingi of the resolution. The President shall not perform his duties from the time the resolution is adopted by Althingi until the results of the plebiscite are known.
If the resolution by Althingi is not approved in the plebiscite, Althingi shall be immediately dissolved and new elections called.
The President of the Republic shall reside in or near Reykjavik.
The President entrusts his authority to Ministers.
The seat of Government is in Reykjavik.
Ministers are responsible for all executive acts. The responsibility of Ministers is established by law. Althingi may impeach Ministers on account of their official acts. The Court of Impeachment decides such cases.
The President appoints Ministers and discharges them. He determines their number and assignments.
The State Council is composed of the President of the Republic and the Ministers and is presided over by the President.
Laws and important government measures shall be submitted to the President in the State Council.
Ministerial meetings shall be held in order to discuss new legislative proposals and important State matters. Furthermore, ministerial meetings shall be held when one of the Ministers wishes to raise a matter there. The meetings shall be presided over by the Minister called upon by the President of the Republic to do so, who is designated Prime Minister.
The Minister who has signed a measure shall, as a rule, submit it to the President.
The Presidential signature validates a legislative act or government measure when countersigned by a Minister.
The President makes appointments to public offices as provided by law.
No person may hold public office unless he has Icelandic nationality. Each official shall take an oath or pledge to uphold the Constitution.
The President may remove from office any official whom he has appointed.
The President may transfer officials from one office to another on the condition that their official remuneration is not reduced, and that they have an option between such transfer and retirement with a pension, or old-age allowance, as prescribed by law.
Certain categories of officials, in addition to those mentioned in Article 61, may be exempted by law from this provision.
The President of the Republic concludes treaties with other States. Unless approved by Althingi, he may not make such treaties if they entail renouncement of, or servitude on, territory or territorial waters, or if they require changes in the State system.
The President of the Republic shall convene Althingi not later than ten weeks after general elections. The President opens regular sessions of Althingi each year.
The President of the Republic may adjourn sessions of Althingi for a certain period of time, but not for more than two weeks nor more than once a year. Althingi may, however, authorize the President to deviate from this provision.
If sessions of Althingi have been adjourned, the President of the Republic may nevertheless convene Althingi if necessary. The President, moreover, is obliged to do so upon request by a majority of the Members of Althingi.
The President of the Republic may dissolve Althingi. A new election must take place before 45 days have elapsed since the dissolution was announced. Althingi shall convene not later than ten weeks after its dissolution. Members of Althingi shall keep their mandate until election day.
The President of the Republic may have bills and draft resolutions submitted to Althingi.
If Althingi has passed a bill, it shall be submitted to the President of the Republic for confirmation not later than two weeks after it has been passed. Such confirmation gives it the force of law. If the President rejects a bill, it shall nevertheless become valid but shall, as soon as circumstances permit, be submitted to a vote by secret ballot of all those eligible to vote, for approval or rejection. If rejected, the law shall become void, but otherwise retain its force.
All laws shall be published. The form of publication and the implementation of laws shall be in accordance with law.
In case of urgency, the President may issue provisional laws when Althingi is not in session. Such laws must not, however, be contrary to the Constitution. They shall always be submitted to Althingi as soon as it convenes.
If Althingi does not approve a provisional law, or if it does not complete its consideration of the law within six weeks after convening, it shall become void.
A provisional budget may not be issued if Althingi has passed the budget for the fiscal year.
The President may decide that the prosecution for an offense be discontinued if there are strong reasons therefor. He grants pardon and amnesty. However, he may not absolve a Minister from prosecution or from a punishment imposed by the Court of Impeachment, unless approved by Althingi.
The President grants, either himself or through other government authorities, exemptions from laws in accordance with established practice.