State Capital Act 2023

[2] The law intended to amend and expand the power given to the Nusantara Capital City Authority (OIKN).

The Authority granted power to issue bonds and securities to provide funding for Nusantara development.

As result, it may purchasable, exchanged, granted, or being included in equity capital for funding Nusantara development.

[2] By the law, future Nusantara people representation is solely exercised by members of Commission II of the DPR.

[6] Many legal experts condemned the article because its perceived unconstitutionality and accused the Joko Widodo administration as pro-Investor.