Official Gazette-Issue 41- Addendum - 23/7/2002 3) In case of vacancy in the position of Chairman or Member of the TRA Board, the Council of Ministers shall, within one month at most, fill the vacancy for the remaining period of the initial appointment in accordance with the rules of appointment defined under the present Law. In case of vacancy of the position of the Chairman, the eldest Member shall replace him. Article 9: Remuneration The Chairman and Members shall be entitled to a monthly lump sum remuneration that shall be determined by a decree issued by the Council of Ministers upon the proposal of both Ministers of Telecommunications and Finance. Article 10: Employee Regulations The TRA shall develop special regulations for its employees. Where necessary, it may seek the assistance of Lebanese or non-Lebanese experts to carry out a specific task for a limited period. Article 11: Budget and Funding First- Budget: 1) The TRA shall have both administrative and financial autonomy. It shall be subject only to the a posteriori control of the Audit Court (‫)دﻳﻮان اﻟﻤﺤﺎﺳﺒﺔ‬. Its funds shall be managed through a special account to be opened with the Central Bank of Lebanon. 2) The TRA shall, within three months of its constitution, establish special procedural rules for the administration of such funds, subject to the approval of both Ministers of Telecommunications and Finance. 3) The TRA shall prepare, at least three months prior to the end of the fiscal year, a budget for the following year and submit it to the Minister, who shall, within 30 days of its registration at the relevant office of the Ministry, approve such budget or otherwise refer it to the Council of Ministers for a ruling. 4) From January 1st and until the approval of its budget, the TRA may continue to collect revenues and disburse expenditures on the basis of “continuing resolution” based on the previous year’s budget. 9

Select target paragraph3