There would then be a further period of ninety days within which either 5% of all registered voters or 60% of the Senate could demand a referendum on the bill. The referendum would be decided by a majority of votes cast and if rejected the bill would not become law. Article 47 did not apply to money bills or bills declared by both houses to be "necessary for the immediate preservation of the public peace, health or safety". In 1928, Article 47 was repealed in its entirety, along with Article 48 which provided for an initiative process.