Law No 10/1998
regarding
Industrial Estates and Industrial Free Zones

CHAPTER FOUR

Finance

Article (15)

PIEFZA’s financial resources will be provided by:

1. The amounts allocated to PIEFZA from the general budget of the Palestinian National Authority.

2. Fees collected from licenses granted for industrial estates and/or industrial free zones use.

3. Financial penalties collected pursuant to the provisions of the law.

4. Grants and loans offered by other countries, international organizations and local and foreign non-governmental organizations.

5. Any other revenues collected in accordance with the provisions hereof.

Article (16)

All proceeds and revenues of PIEFZA shall be deposited in a special account under the supervision of the Ministry of Finance, belonging the general public treasury account. A special budget shall be allocated to PIEFZA within the National Authority’s annual general budget through which all the expenses of PIEFZA shall be made.

Article (17)

PIEFZA’s accounting and books shall be carried according to international accounting principles, and the Board of Directors shall appoint a certified accountant to control and audit all accounts and books.

(Back) (Previous) (Next)