21:13
Although they don't give details, and as you note they don't guarantee funding to everyone (which is in line with other $ they offer, e.g. the LRAP)
Simple English definitions for legal terms
Read a random definition: freedom of disposition
Take Effect: When something takes effect, it means that it starts working or becomes active. It can also mean that a rule or law becomes valid and can be enforced.
Take effect (verb) - to become active or start working as intended.
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