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The Southern states stated that they were therefore justified in withdrawing from the compact among the states. [13] Former Confederate President Jefferson Davis was an avid supporter of the Compact theory, and devoted large portions of his two volume book "The Rise and Fall of the Confederate Government" to explaining the Compact Theory.
The Treaty on Stability, Coordination and Governance in the Economic and Monetary Union; also referred to as TSCG, or more plainly the Fiscal Stability Treaty [3] [4] [5] is an intergovernmental treaty introduced as a new stricter version of the Stability and Growth Pact, signed on 2 March 2012 by all member states of the European Union (EU), except the Czech Republic and the United Kingdom. [1]
The Compact Trust Fund set up to replace US financial aid underperformed because of the Great Recession. [25] The military and civil defense provisions remained until 2015. [26] An amended Compact, enacted December 17, 2003, as Public Law 108-188, provided financial assistance to the Marshall Islands and Micronesia through 2023.
The definition of the English word "treaty" varies depending on the legal and political context; in some jurisdictions, such as the United States, a treaty is specifically an international agreement that has been ratified, and thus made binding, per the procedures established under domestic law.
Compact as used in politics may refer broadly to a pact or treaty; in more specific cases it may refer to: Interstate compact, a type of agreement used by U.S. states; Blood compact, an ancient ritual of the Philippines; Compact government, a type of colonial rule utilized in British North America
Most early interstate compacts resolved boundary disputes, but since the early 20th century, compacts have increasingly been used as a tool of state cooperation and mutual recognition on infrastructure, services and professional licensing, often to ease administrative barriers and reduce costs and litigation. [1]
The UN Global Compact was initially launched with the first nine Principles. On 24 June 2004, during the first Global Compact Leaders Summit, Kofi Annan announced the addition of the tenth principle against corruption in accordance with the United Nations Convention Against Corruption adopted in 2003.
A compact can be thought of as "negotiated agreement between two political entities that resolves questions of overlapping jurisdictional responsibilities [1] Compacts affect the delicate power balance between states, federal, and tribal governments. It is these forms that have been a major source of controversy surrounding Indian gaming.