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Authority exercised at the point of system creation to define cadence, eligibility, drawdown rates, regeneration thresholds, and recycling logic. Distinguished from authority over continuation. In constitutional capital, authority over design is necessary and exercised once; authority over continuation is dangerous and eliminated. Authority is thus front-loaded and exhausted at design time.
Defining that a capital pool will recycle at 5% annually with automatic renewal unless a structural performance threshold is breached. This authority is exercised once (at design time) and cannot be re-exercised to influence ongoing operations.
CC Section 5