This is an article related to Nouvelle Alexandrie. Click here for more information.

National Resilience Fund Act, 1758

From MicrasWiki
Jump to navigationJump to search

National Resilience Fund Act, 1758

13th Cortes Federales
Long title An Act to establish a permanent National Resilience Fund pursuant to the binding national referendum of 24.XII.1757; to provide for its capitalization, emergency advances, disbursement, governance, audit, and regional equity safeguards; to provide for prevention and mitigation grants; to delineate the Fund from existing federal reserves; among other purposes.
Bill Number FA-1758-03
Introduced by Marcos Ferreira Gonçalves (DSP/AJNA) with support from Yuiza Bohi'o (Wakara People's Party) and Tomás Iñiguez (Civic Governance Alliance)
Extent Entire Federation of Nouvelle Alexandrie
Dates
Bill Status Tabled indefinitely; superseded
Date introduced 2.IV.1758 AN
Last updated 15.XI.1758 AN
Other legislation
Related legislation

The National Resilience Fund Act, 1758 (Alexandrian: Loi sur le Fonds national de résilience, 1758; Martino: Ley del Fondo Nacional de Resiliencia, 1758; Wechua: Sinchi Qullqi Kamachiy, 1758) was a bill of Nouvelle Alexandrie that would have established the National Resilience Fund as a permanent national disaster recovery and resilience reserve. It was brought forward by Marcos Ferreira Gonçalves, Leader of the Opposition, on 2.IV.1758 AN as an Alliance for a Just Nouvelle Alexandrie and Civic Governance Alliance alternative to a minimal-compliance design for the Fund after the binding referendum of 24.XII.1757. It proposed a published capitalization target, emergency advances, capacity-weighted regional matching, prevention grants, independent audit, and public controls over disbursement.

The bill did not reach a division. It was tabled indefinitely and became inactive on 15.XI.1758 AN, after the rival Government measure, the National Resilience Fund Establishment Act, 1758, passed the Cortes Federales and received Royal Assent. The opposition bill was therefore superseded as the proposed means of implementing the referendum, but it was neither defeated in a division nor enacted.

Had it passed, the bill would have set a published capitalization target sufficient to meet one Cajamarca-scale disaster, established a temporary advance authority while the Fund was still being built, released an emergency first tranche within seventy-two hours of a qualifying disaster declaration, and reserved major recovery tranches for separate approval by the Cortes Federales. It would also have required capacity-weighted regional matching, access plans for rural, remote, island, Indigenous, and language-minority communities, a capped prevention and mitigation window, independent oversight, and a public disbursement register.

Background

The National Resilience Fund referendum of 24.XII.1757 AN followed the 1757 Cajamarca micrasquake and the subsequent passage of the Cajamarca Reconstruction Act, 1757. The disaster exposed the political and fiscal cost of responding from a standing start, with large recovery commitments negotiated only after severe damage had already occurred. The referendum passed by 51.4 percent to 48.6 percent on a turnout of 41.8 percent, making establishment of the Fund binding while leaving its size, sources, and governance to the Cortes.

The Federal Humanist Party government had opposed the referendum, warning that a permanent Fund could add to public debt, divert resources from defense, displace regional responsibility, and become a blank check for future ministries. A competing minimal-compliance approach would answer the vote by establishing a narrow reserve that fills only in surplus years, pauses its contributions unless re-authorized, and treats Regions as financially responsible before federal assistance can be released.

The AJNA/CGA proposal takes the opposite view of the vote's mandate. It treats the referendum as a permanent national guarantee, but pairs that guarantee with parliamentary control and transparent administration. Its design is built around a real reserve target, fast first relief, Cortes-approved recovery tranches, capacity-weighted regional contributions, published costings, an independent audit, and a public disbursement register. Elena Svensson, the Civic Governance Alliance coordinator, endorsed the joint bill from outside the chamber, with Tomás Iñiguez carrying the party's oversight conditions in the Federal Assembly.

The Government answered with a rival bill of its own. On 8.IV.1758 AN, six days after this bill was tabled, the Council of State brought the National Resilience Fund Establishment Act, 1758, a minimal-compliance design that capped the Fund at NAX€50 billion, capitalized it only in surplus years, and ruled out any new tax, borrowing, or defense transfer. That Government bill passed the Federal Assembly on 14.XI.1758 AN, passed the Chamber of Peers without division the same day, and received Royal Assent on 15.XI.1758 AN. This bill was tabled indefinitely and became inactive on the date of Assent.

Proposed provisions

The bill proposed a permanent, ring-fenced federal reserve for catastrophic disaster recovery and resilience. The Fund would not have expired, although the Cortes would have reviewed its target-capitalization formula, thresholds, caps, and governance every five years.

Its proposed funding sources were ordinary appropriations, lapsed appropriations, certified year-end surpluses, recoveries, fines, penalties, insurance recoveries, asset-sale proceeds, and other non-recurring receipts. The proposal barred capitalization through a broad new tax, hidden levy, routine borrowing, defense or security transfers, or any formula tied to Alexandrium receipts, windfalls, or commodity-stabilization mechanisms.

The bill also proposed a capped temporary Treasury advance if a qualifying disaster occurred before the target capitalization was reached. It provided for an emergency first tranche within seventy-two hours of a qualifying declaration and required separate Cortes approval for larger recovery tranches.

Regional matching would have been capacity-weighted. The bill proposed stronger federal support for poorer, remote, island, Indigenous, language-minority, rural, and hard-to-reach communities, together with access plans for recovery and mitigation projects. A capped prevention window covered seismic retrofits, flood defenses, shelters, evacuation routes, redundant transport links, and emergency communications.

The proposed Fund would have been administered by the Treasury and overseen by an independent board. The bill required annual accounts, an independent audit, public costings for major tranches, and a live disbursement register.

Legislative progress

Legislative progress of the National Resilience Fund Act, 1758
Stage Date Chamber Action Votes (Y-N-A) Details
1 2.IV.1758 AN Federal Assembly Introduction - Introduced by Marcos Ferreira Gonçalves (DSP/AJNA) with AJNA, WPP, and CGA support
2 15.XI.1758 AN Federal Assembly Tabled indefinitely - Did not reach a division; superseded as the implementing measure by the enacted National Resilience Fund Establishment Act, 1758

Bill text

National Resilience Fund Act, 1758

THE READING OF
A
BILL
TO
establish a permanent National Resilience Fund pursuant to the binding national referendum of 24.XII.1757; to provide for its capitalization, emergency advances, disbursement, governance, audit, and regional equity safeguards; to provide for prevention and mitigation grants; to delineate the Fund from existing federal reserves; among other purposes.

National Resilience Fund Act, 1758

Presented by Marcos Ferreira Gonçalves (DSP/AJNA)
with support from Yuiza Bohi'o (Wakara People's Party) and Tomás Iñiguez (Civic Governance Alliance)
Ordered, by the Cortes Federales of Nouvelle Alexandrie,
to be Printed, 2.IV.1758 AN.

BE IT ENACTED by the King's Most Excellent Majesty, by and with the advice and consent of the Cortes Federales, in this present session assembled, and by the authority of the same, as follows:-


PART I
PRELIMINARY

Article 1: Citation.

  1. This Act may be cited as the "National Resilience Fund Act, 1758".

Article 2: Extent and commencement.

  1. This Act extends to the whole of the Federation of Nouvelle Alexandrie.
  2. This Act shall come into force on the day it receives the Royal Assent of H.M. King Sinchi Roca II.
  3. This Act shall be published in the Federal Gazette within seven (7) days of the Royal Assent.

Article 3: Definitions.

  1. In this Act:
    1. "the Fund" means the National Resilience Fund established under Article 5;
    2. "qualifying national disaster" means an event declared eligible under Articles 11 and 12;
    3. "emergency first tranche" means an initial disbursement made under Article 13;
    4. "recovery tranche" means a disbursement authorized by the Cortes Federales under Article 15;
    5. "prevention commitment" means an award for mitigation, preparedness, or resilience before a disaster;
    6. "the Treasury" means the Department of Treasury;
    7. "Region" means a Region of the Federation;
    8. "capacity-weighted match" means a regional contribution rate adjusted by fiscal capacity, damage severity, remoteness, and access need;
    9. "the National Fiscal Reserve and Emergency Fund" means the existing reserve of the Federation for general fiscal reserves, ordinary emergencies, and contingencies.

Article 4: Purpose and principles.

  1. The purposes of this Act are:
    1. to implement the binding national referendum of 24.XII.1757;
    2. to establish a permanent national reserve for catastrophic disaster recovery and resilience;
    3. to provide rapid first relief without removing the authority of the Cortes Federales over major recovery expenditure;
    4. to ensure that federal solidarity is matched by regional responsibility according to capacity;
    5. to protect rural, remote, island, Indigenous, and language-minority communities from delayed or inaccessible relief;
    6. to support prevention and mitigation before disaster occurs;
    7. to keep the Fund separate from existing federal reserves; and
    8. to require public costings, independent audit, and a public record of every disbursement.
  2. The Fund shall be administered according to the principles of speed, equity, transparency, prevention, fiscal discipline, and parliamentary control.
PART II
ESTABLISHMENT, RELATIONSHIP TO OTHER FUNDS, AND TARGET CAPITALIZATION

Article 5: Establishment of the Fund.

  1. There is established a National Resilience Fund, being a dedicated and ring-fenced reserve of the Federation.
  2. The Fund shall be used only for:
    1. emergency first tranches after a qualifying national disaster;
    2. recovery tranches after a qualifying national disaster;
    3. temporary repayment obligations lawfully incurred under this Act; and
    4. prevention commitments authorized under Part V.
  3. The Fund is permanent and shall not expire by lapse of time.
  4. The accounts of the Fund shall be kept separately from the Consolidated Fund, the National Fiscal Reserve and Emergency Fund, the Federal Sovereign Wealth Fund, and every other federal reserve.

Article 6: Relationship to the National Fiscal Reserve and Emergency Fund.

  1. Nothing in this Act abolishes, absorbs, replaces, or transfers the National Fiscal Reserve and Emergency Fund.
  2. The National Fiscal Reserve and Emergency Fund shall continue to meet general fiscal reserves, ordinary emergencies, and contingencies according to law.
  3. The Fund established by this Act shall meet the catastrophic disaster recovery and resilience purposes set out in Article 5.
  4. No sum shall be transferred from the National Fiscal Reserve and Emergency Fund to the Fund except by a specific appropriation enacted by the Cortes Federales and expressly naming this Act.

Article 7: Relationship to the Federal Sovereign Wealth Fund and stabilization mechanisms.

  1. The Federal Sovereign Wealth Fund is not affected by this Act.
  2. The Fund shall not be capitalized by a transfer from the Federal Sovereign Wealth Fund.
  3. No commodity-revenue stabilization mechanism, revenue-smoothing mechanism, or resource-price trigger shall determine the capitalization of the Fund.
  4. For the avoidance of doubt, no contribution formula under this Act shall depend upon Alexandrium receipts, Alexandrium windfalls, or Alexandrium prices.

Article 8: Target capitalization.

  1. The Treasury shall publish a target capitalization for the Fund within ninety (90) days after commencement.
  2. The target capitalization shall be the greater of:
    1. seventy-five billion écu (NAX€75,000,000,000); or
    2. the amount certified by the Treasury, after consultation with the Board, as sufficient to meet one Cajamarca-scale disaster without requiring a new emergency appropriation before the first recovery tranche.
  3. The target capitalization shall be accompanied by a public costing note setting out the assumptions used, including disaster scale, housing loss, infrastructure repair, displacement, regional fiscal capacity, and immediate relief cost.
  4. The target capitalization is a reserve target and does not authorize any disbursement by itself.

Article 9: Five-year formula review.

  1. The Cortes Federales shall review the target capitalization, capitalization formula, declaration thresholds, emergency first tranche cap, temporary advance cap, prevention window, and governance provisions of this Act every five (5) years.
  2. A review under this Article may amend formulas, thresholds, caps, and governance by Act of the Cortes Federales.
  3. A review under this Article shall not terminate the Fund unless the Cortes Federales expressly repeals this Act and provides for the winding up of all outstanding commitments.
PART III
CAPITALIZATION AND TEMPORARY ADVANCES

Article 10: Sources of capitalization.

  1. The Fund may be capitalized only from:
    1. ordinary appropriations voted by the Cortes Federales, which shall include a guaranteed minimum appropriation of not less than five billion écu (NAX€5,000,000,000) in each fiscal year until the target capitalization under Article 8 is first reached;
    2. appropriations voted by the Cortes Federales that remain unspent at the close of the fiscal year for which they were voted and are lawfully reappropriated to the Fund;
    3. certified year-end surpluses, to the extent appropriated to the Fund by the Cortes Federales;
    4. recoveries, fines, penalties, insurance recoveries, and recovered public funds;
    5. proceeds of asset sales and other non-recurring receipts specifically appropriated to the Fund; and
    6. repayments of temporary advances made under Article 11.
  2. No broad new tax, hidden levy, or standing surcharge is created by this Act.
  3. No borrowing shall be undertaken for the ordinary capitalization of the Fund.
  4. No sum shall be transferred to the Fund from any defense or security appropriation.
  5. No sum shall be diverted from an appropriation made for an active disaster recovery Act unless the later Act expressly authorizes that transfer.

Article 11: Temporary advance authority.

  1. If a qualifying national disaster is declared before the Fund reaches its target capitalization, the Treasury may make a temporary advance to the Fund.
  2. A temporary advance may be made only:
    1. after a declaration under Article 12;
    2. for an emergency first tranche under Article 13 or for a recovery tranche authorized under Article 15;
    3. up to ten billion écu (NAX€10,000,000,000) in total outstanding advances; and
    4. on terms laid before the Cortes Federales within seven (7) days.
  3. A temporary advance shall not be treated as ordinary capitalization of the Fund.
  4. A temporary advance shall be repaid from future inflows to the Fund according to a repayment schedule published by the Treasury and approved by the Cortes Federales.
  5. No temporary advance may be used to avoid the recovery tranche approval required under Article 15.
PART IV
QUALIFYING DISASTER DECLARATIONS AND DISBURSEMENT

Article 12: Qualifying national disaster declaration.

  1. A qualifying national disaster may be declared by the Treasury, with notice to the Cortes Federales, where an event causes or is reasonably expected to cause:
    1. not fewer than one hundred (100) deaths, or the displacement of not fewer than twenty-five thousand (25,000) persons;
    2. direct damage to housing, transport, water, energy, communications, health, education, or public administration infrastructure assessed at not less than five billion écu (NAX€5,000,000,000);
    3. interruption of access to an island, remote, mountain, rural, Indigenous, or language-minority community for a period of not less than seven (7) days;
    4. regional recovery costs exceeding five percent (5%) of the affected Region's ordinary annual revenue; or
    5. such other national disaster threshold as the Cortes Federales may prescribe by Act.
  2. A declaration may be made before final damage counts are known if delay would materially impair life-saving relief, access restoration, shelter, medical care, communications, or stabilization.
  3. A declaration shall identify the affected Region or Regions, the basis for the declaration, the expected immediate needs, and the initial reporting timetable.

Article 13: Emergency first tranche.

  1. Within seventy-two (72) hours after a qualifying national disaster declaration, the Treasury shall make an emergency first tranche available from the Fund or from a temporary advance made under Article 11.
  2. The emergency first tranche shall be capped at three billion écu (NAX€3,000,000,000).
  3. An emergency first tranche may be used only for:
    1. evacuation, shelter, food, water, medical care, sanitation, and emergency logistics;
    2. urgent restoration of access, communications, and public safety;
    3. temporary housing and stabilization of essential public services;
    4. emergency language-access, disability-access, and community liaison services; and
    5. other immediate life-saving or stabilization purposes prescribed by the Cortes Federales.
  4. The Treasury shall publish an initial tranche notice within twenty-four (24) hours after release.
  5. The Treasury shall publish a reconciliation statement within thirty (30) days after release, identifying recipients, uses, known variance from the initial notice, and any amount to be recovered or reclassified.

Article 14: Public costing before major recovery.

  1. Before seeking authorization for a recovery tranche, the Treasury shall publish a public costing.
  2. A public costing shall state:
    1. the disaster and affected Region or Regions;
    2. the proposed recipient or recipients;
    3. the amount requested;
    4. the uses for which the tranche is requested;
    5. the expected timetable;
    6. the capacity-weighted regional match, if any;
    7. the access plan required under Article 22; and
    8. the audit and reporting conditions to be attached.
  3. A public costing may redact only information whose publication would create a specific and substantial risk to public safety, procurement integrity, or personal privacy.

Article 15: Recovery tranches by Cortes resolution.

  1. No recovery tranche shall be released except by resolution of the Cortes Federales.
  2. A recovery tranche resolution shall name:
    1. the qualifying national disaster;
    2. the affected Region or Regions;
    3. the recipient or recipients;
    4. the amount authorized;
    5. the uses authorized;
    6. the timetable for release;
    7. the capacity-weighted regional match or hardship adjustment;
    8. the reporting conditions; and
    9. the date on which the next progress report is due.
  3. The Cortes Federales may divide recovery into multiple tranches and attach different conditions to each tranche.
  4. No recovery tranche shall be used for a purpose not named in the resolution authorizing it.

Article 16: Recovery of unused or misapplied sums.

  1. An amount released from the Fund that is unused, misapplied, obtained by fraud, or materially outside the authorizing resolution shall be recovered to the Fund.
  2. Recovery under this Article does not prevent any civil, criminal, administrative, or disciplinary proceeding otherwise available by law.
PART V
REGIONAL EQUITY, ACCESS, AND PREVENTION

Article 17: Capacity-weighted regional matching.

  1. The Treasury shall publish a capacity-weighted matching formula within ninety (90) days after commencement.
  2. The formula shall consider:
    1. the affected Region's fiscal capacity;
    2. the affected Region's pre-disaster revenue base;
    3. the share of housing and essential infrastructure damaged;
    4. remoteness, island access, mountain access, and transport redundancy;
    5. poverty, language access, Indigenous community access, and rural service availability; and
    6. the affected Region's own lawful recovery contribution.
  3. A poorer or more severely damaged Region shall not be required to provide the same match rate as a wealthier or less damaged Region.
  4. No flat deductible or flat match shall be imposed without regard to regional capacity.

Article 18: Hardship adjustment.

  1. The Treasury may reduce, waive, or defer a regional match where a Region cannot meet the formula without impairing essential services, public safety, or basic recovery.
  2. A hardship adjustment shall be published with reasons and shall be reviewed in the next annual report.
  3. The Cortes Federales may approve a different hardship adjustment in a recovery tranche resolution.

Article 19: Regional resilience plans.

  1. A Region seeking a recovery tranche shall file a regional resilience plan unless the Treasury waives the requirement for emergency reasons.
  2. A regional resilience plan shall identify:
    1. the Region's own contribution;
    2. the communities most at risk of delayed relief;
    3. housing, transport, health, education, water, energy, and communications priorities;
    4. procurement and anti-fraud safeguards;
    5. language-access and disability-access measures;
    6. Indigenous consultation measures where applicable; and
    7. the timetable for public reporting.
  3. A waiver under this Article expires after sixty (60) days unless renewed by the Cortes Federales.

Article 20: Access plan.

  1. Every emergency first tranche reconciliation and every recovery tranche request shall include an access plan.
  2. An access plan shall describe how relief, recovery, and communications will reach:
    1. rural communities;
    2. remote communities;
    3. island communities;
    4. mountain and hard-to-reach communities;
    5. Indigenous communities;
    6. language-minority communities; and
    7. persons with disability or other access needs.
  3. An access plan shall identify the public office responsible for delivery in each affected community category.

Article 21: Prevention and mitigation window.

  1. Up to twenty (20) percent of annual commitments from the Fund may be made as prevention commitments.
  2. A prevention commitment may support:
    1. seismic retrofits;
    2. flood defenses;
    3. emergency shelters;
    4. evacuation routes;
    5. redundant transport links;
    6. redundant communications and power links;
    7. critical water, health, and public-safety resilience;
    8. regional warning systems; and
    9. other life-saving mitigation works approved by the Cortes Federales.
  3. A prevention commitment shall be supported by published risk evidence and a regional delivery plan.
  4. A prevention commitment shall not reduce the amount required for an emergency first tranche already due under Article 13.

Article 22: Prevention awards.

  1. A prevention commitment above five hundred million écu (NAX€500,000,000) shall require a resolution of the Cortes Federales.
  2. A prevention commitment at or below that threshold may be made by the Treasury with notice to the Cortes Federales and publication in the disbursement register.
  3. The Board shall review prevention commitments annually and report whether they are reducing disaster risk for underserved communities.
PART VI
GOVERNANCE, AUDIT, AND TRANSPARENCY

Article 23: Administration by the Treasury.

  1. The Fund shall be administered by the Treasury.
  2. Administration by the Treasury does not authorize a minister to direct a disbursement except as provided by this Act.
  3. The Treasury shall maintain internal controls sufficient to track each receipt, commitment, disbursement, recovery, repayment, and administrative expense of the Fund.

Article 24: Independent Board.

  1. There shall be an independent Board for the oversight of the Fund.
  2. The Board shall consist of nine (9) voting members appointed for staggered terms, including:
    1. members with public finance, audit, disaster recovery, mitigation, emergency logistics, regional administration, Indigenous consultation, and language-access expertise; and
    2. not fewer than three (3) members with direct regional-government or regional public-administration experience.
  3. No serving minister, serving deputy minister, party officer, or political appointee shall form part of a voting majority of the Board.
  4. The chair of the Board shall be elected by the Board from among its independent members.
  5. The Treasury may designate one non-voting officer to attend meetings for administrative coordination.

Article 25: Conflict of interest and independence.

  1. A Board member shall disclose any financial, political, regional, procurement, or personal interest that could reasonably affect the member's judgment.
  2. A Board member with a conflict of interest in a matter shall not vote on that matter.
  3. A minister shall not remove a Board member except for incapacity, misconduct, persistent non-attendance, or a conflict of interest that cannot be managed.
  4. A removal under this Article shall be reported to the Cortes Federales within seven (7) days.

Article 26: Annual report and accounts.

  1. The Treasury shall lay an annual report and accounts of the Fund before the Cortes Federales.
  2. The annual report shall include:
    1. opening and closing balances;
    2. capitalization receipts by source;
    3. temporary advances and repayments;
    4. emergency first tranches;
    5. recovery tranches;
    6. prevention commitments;
    7. regional matches and hardship adjustments;
    8. administrative costs;
    9. audit findings and remedial actions; and
    10. progress toward the target capitalization.

Article 27: Independent audit.

  1. The accounts of the Fund shall be audited annually by an independent auditor.
  2. The auditor shall have access to all records reasonably necessary to audit receipts, commitments, disbursements, recoveries, temporary advances, and repayments.
  3. The audit shall be laid before the Cortes Federales and published.
  4. An adverse or qualified audit opinion shall be accompanied by a remedial plan from the Treasury within thirty (30) days.

Article 28: Public disbursement register.

  1. The Treasury shall maintain a public disbursement register for the Fund.
  2. The register shall record:
    1. each receipt credited to the Fund;
    2. each temporary advance;
    3. each emergency first tranche;
    4. each recovery tranche;
    5. each prevention commitment;
    6. each recipient;
    7. each named use;
    8. each reporting deadline;
    9. each reconciliation statement;
    10. each recovery of unused or misapplied funds; and
    11. the status of each commitment.
  3. The register shall be updated not later than seven (7) days after a receipt, advance, commitment, disbursement, recovery, or reconciliation is recorded by the Treasury.

Article 29: Public costings and supporting material.

  1. The Treasury shall publish the costings required by Articles 8, 14, and 21 in a form understandable to the public.
  2. A costing shall identify assumptions, data sources, uncertainty ranges, and known exclusions.
  3. The Treasury shall preserve supporting material for audit and review by the Cortes Federales.
PART VII
CLOSING PROVISIONS

Article 30: Regulations.

  1. The Treasury may make regulations necessary to carry out this Act.
  2. Regulations under this Article shall be laid before the Cortes Federales.
  3. Regulations shall not:
    1. change the purposes of the Fund;
    2. authorize a new capitalization source;
    3. remove Cortes approval for recovery tranches;
    4. reduce the audit or register requirements; or
    5. terminate the Fund.

Article 31: Transitional provisions.

  1. Within ninety (90) days after commencement, the Treasury shall publish:
    1. the first target capitalization under Article 8;
    2. the first capacity-weighted matching formula under Article 17;
    3. the first emergency first tranche cap;
    4. the first temporary advance cap;
    5. the first prevention window guidance; and
    6. the initial form of the public disbursement register.
  2. Until those publications are made, no recovery tranche or prevention commitment may be authorized, but an emergency first tranche may be released if a qualifying national disaster is declared.

Article 32: Severability.

  1. If any provision of this Act is held invalid or unenforceable, that provision alone, and not the whole Act, shall be inoperative.

Voting record

No division was held on the National Resilience Fund Act, 1758. The bill was tabled indefinitely on 15.XI.1758 AN after the rival National Resilience Fund Establishment Act, 1758 completed its passage through the Cortes and received Royal Assent. It was not defeated in the Federal Assembly and did not become law.

See also

References