@cp0x that is our understanding as well. For e.g. the LTIP funds, I understand they are still in the process of collecting unused funds from protocols, claiming funds from Hedgey etc. so it is probably an administrative delay but the PL multisig has sat on the 518k ARB since June without any grants being issued.
The point we also wanted the DAO to consider would be the ability to use e.g. the LTIP funds for a proposal without sending it back to treasury and requiring another Tally proposal to re-deploy the funding - e.g. fund the entire Treasury Management v1.2 proposal straight out of the LTIP multisig funds.