a) TheAuthorityshallusetherevenuescollectedbyitunderthisLawinaccordan
cewith its approved budget to fund its activities, including:
1) Meeting the administrative and operating costs of the Authority.
2) Payment of salaries, wages, remuneration and allowances, and other
financial benefits payable to the General Director and staff members
of the Authority, pensions and social insurance.
3) Meeting its requirements that are necessary for the effective and
efficient carrying out of its duties, be such requirements real or
moveable property, including apparatus, machinery and equipment or
any other items within the category of capital expenditure
4) Maintenance of real or moveable property owned by the Authority.
5) Meeting expenses that are necessary for carrying out the duties of the
Authority as specified under this Law.
b) Any cash surplus actually accrued to the Authority on its approved
budget for the previous financial year shall be delivered to the public
treasury within one month after the date on which the accounts audit is
completed in accordance with the provisions of Article (17) (d) of this
Law.
The Authority may keep all or part of a budget surplus for funding future
development projects after coordinating with the Ministry of Finance and
National Economy and with the consent of the Council of Ministers.
Article (20)
Borrowing Powers
Without prejudice to the prescribed procedures for obtaining a public loan,
the Authority may, after coordinating with the Ministry of Finance and
National Economy and with the consent of both the Board and the Council
of Ministers, borrow such sums of money as are required for the exercise of
its duties under this Law.
The Board should indicate in writing its ground for refusing any borrowing.
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