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The condition where capital duration, replenishment frequency, and evaluation cadence reflect the timescale on which institutional outcomes can meaningfully be assessed. Absent such alignment, even non-discretionary capital can distort authority by forcing institutions to optimise for timelines unrelated to mission reality.
A 30-year infrastructure fund aligned with asset lifecycles provides temporal alignment. A 3-year grant cycle funding 30-year projects creates temporal mismatch that accelerates substitution.
CESIA Section 6.3