hash algorithm: blake2b-256
body:
  summary: We have determined that this treasury withdrawal governance action is constitutional.
  rationale statement: The governance action with ID "gov_action142ndnn9hycuuwld5ddemash2l709ln06qjgfeudq77z45nf3fpdqqn7pwux" and title "5am.earth Trust Layer Targeting Vision 2030 KPIs" is a Treasury Withdrawal, and is therefore subject to the following sections and guardrails in the Cardano Constitution. ARTICLE II, Section 6 of the Cardano Constitution states that governance actions must follow a standardized and legible format, including a URL hosting an immutable document and a corresponding hash, and must provide sufficient rationale including a title, abstract, justification, and supporting materials. This governance action includes a valid URL and hash, which matches the hash of the off-chain documentation referenced. The rationale also meets the minimum content specified in this section. ARTICLE II, Section 7 specifies that Treasury Withdrawal governance actions must include the following: 1\. Purpose, Delivery Period, Costs, and Refund Conditions This governance action specifies: - The purpose of the withdrawal as "5am.earth Foundation requests 10,000,000 ADA (hard cap) to build an open, Cardano-anchored trust layer for global agricultural supply chains." - The period for delivery of proposed activities as "The 18-month programme delivers across India, Cambodia, and Kenya, gated by three milestones." - Under the "Budget Justification" section a milestone based breakdown and refers to an external document for a more detailed breakdown of the costs. - The circumstances under which funds may be refunded to the Cardano Treasury as "Treasury ADA returns in five circumstances: unspent ADA at programme end; material milestone failure; fraud; scope abandonment; and ADA appreciation surplus in excess of the $3.5M scope-elasticity threshold." These elements fulfil the requirements of Article II, Section 7(1). 2\. Prior Treasury Funding Disclosure ARTICLE II, Section 7(2) requires disclosure of whether the prospective recipient has received ada from the Cardano Treasury within the last 24 …
  precedent discussion: None
  counterargument discussion: None
  conclusion: This governance action sufficiently fulfils the criteria specified for treasury withdrawals in the Cardano Constitution, so is deemed constitutional.
  internal vote:
    constitutional: 4
    unconstitutional: 0
    abstain: 2
    did not vote: 1
authors:
  name: Eastern Cardano Council
  witness:
    witness algorithm: ed25519