What will be the requirements for someone to receive monetary aid? Who is going to establish these requirements? How are you going to vet the applicants to insure they aren't running a scam? Who is goin going to vet the people running the organization? Who is going to pay for all the filings for this organization? What will it cost to do the filing? Is there going to be a public record for everyone to review on who got money and how much? How long is it going to take before the organization is legal and begin operation? Way too many questions that need answering.
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