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Target Q1 for external beta review of the model text. "Accordion" the environment requirements to account for budgetary uncertainty.
Update August 2016: We have made some progress on the model text, but it has turned out to be important to work on an auxiliary deliverable, a primer called UMA in Contractual and Regulatory Contexts, that maps the relationships of concepts at the technical, contractual, and regulatory levels. Expect more progress in coming months!
Subgroup meetings
The subgroup's meeting times and notes are here. We meet on Fridays at 8am PT.
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A few additional artifacts are available on the WG's GitHub wiki. Also see this presentation from the MIT event Digital Contracts, Identities, and Blockchain.