{
  "name": "UHI Council proposed productive-dividend covenant",
  "version": "0.2",
  "status": "design proposal; not an executed agreement",
  "purpose": "Expand material freedom through useful productive capacity and shared gains.",
  "rights": {
    "beneficiary": "One equal, nontransferable, unpledgeable entitlement per admitted person, subject to legally established protections.",
    "capital": "Disclosed risk-bearing funding claim with negotiated reward cap and retirement terms.",
    "payout": "Approved distributions paid through supported providers in usable money."
  },
  "allocation": {
    "source": "Collected recurring cash after mandatory costs and reserve restoration.",
    "destinations": [
      "universal dividend",
      "reinvestment",
      "agreed capital rewards",
      "disclosed residual buffer"
    ],
    "constraint": "Allocated shares sum to no more than 100 percent.",
    "excludedIncome": [
      "new member deposits",
      "new capital contributions",
      "borrowing",
      "unrealized token or asset appreciation"
    ]
  },
  "controls": [
    "finite pilot coverage",
    "private personal records",
    "admission and appeal rules",
    "independent operating evidence",
    "reconciled accounting",
    "multiple treasury approvals",
    "conflict and concentration limits",
    "operator replacement",
    "voluntary participation",
    "no ideological eligibility test"
  ],
  "stopConditions": [
    "inadequate demand",
    "unfunded reserves",
    "failed acceptance or reliability",
    "unreconciled cash",
    "unaffordable or exclusionary access"
  ],
  "operational": false
}