4 ms·
Frustrating to have this nixed before it could get off the ground. I'm not clear what it means for existing ZEDEs. https://mariposa.city/en/resources/official-
by caturopath 4y ago
Frustrating to have this nixed before it could get off the ground. I'm not clear what it means for existing ZEDEs.
https://mariposa.city/en/resources/official-zede-statute/ https://mariposa.city/en/resources/official-zede-statute/ is the original law
> ARTICLE 45.- In accordance with the provisions of Article 329 of the Constitution, this Act may only be modified, amended, interpreted or repealed by two-thirds (2/3) in favor of the members of Congress. It shall be necessary also to hold a referendum or plebiscite for the people living in the area subject to special arrangements when their population exceeds one hundred thousand inhabitants. In the event of the repeal of this Act, the same shall remain in force for the period specified in the clauses or legal stability contracts signed with natural or legal persons residing or investing in Zones of Economic Development and Employment (ZEDE). The transition period may not be less than ten (10) years, during which time the rights of residents and investors in the Zones of Economic Development and Employment (ZEDE) shall remain in effect.
I don't know what, if any, transition period was established in the repeal.
- cryptonector 4y ago> I'm not clear what it means for existing ZEDEs. The story says "total repeal". I assume they'll be gone, pending a confirmation vote next year.