- Publié le vendredi 3 juillet 2015 12:02
CHAPTER V:Financial Organization
Article 26:The Budget of the Foundation consists of:
- State contributions;
- Subsidies allocated to the Foundation by public and private organizations, national, foreign and international;
- Products from properties given as Habous to the Foundation;
- Gifts and bequests;
- Products from the estates of the Foundation;
- Various resources.
- Operational expenses;
- Equipment expenditure;
- Various expenditures.
Article 27:The Vice President signs jointly with the FinancialDirector all the documents pertaining to the collection of revenues and the payment orders.
Article 28:The Foundation shall benefit from the advantages and privileges granted to the associations of public utility and shall be subjected to the same obligations applicable to them.
Article 29: The Foundation shall keep its books in a way that allows it to determine its financial situation. It shall also submit its books to an auditor listed on the certified accountants to assess the accuracy of its accounts.