Egypt Telecommunication Regulation Law – February 2003 2. Annual fees for licenses and permits granted by the NTRA. 3. Charges for works, burdens and services rendered by the NTRA in connection with the licensee or other parties whether locally or internationally. 4. The percentage allocated by the Cabinet for the NTRA from Concession fees devolving to the Public Treasury when granting certain types of licenses, and upon the proposition of the Minister Concerned following consultation with the Minister of Finance. 5. The yield of investing the NTRA funds. 6. Fines and compensations imposed in accordance with the provisions of this Law. 7. Loans made in favor of the NTRA. 8. Grants, donations and subsidies to be accepted by the Board of Directors of the NTRA in light of its rules and resolutions in this regard and without prejudice to Article (44). Article 9 – Financial independence of the TRA The NTRA shall have an independent budget in accordance with the rules determined by its internal regulations and in compliance with the rules of the Unified Accounting System, without limitation to any governmental rules or regulations. The fiscal year of the NTRA shall start and end at the same dates as for the fiscal year of the State. The NTRA shall have a private bank account for the deposit of its resources. The budget surplus from one year to another shall be transferred to the Universal Service Fund except what may be allocated by the Cabinet in favor of the State upon proposition of the Minister Concerned following consultation with the Minister of Finance. Expenditure from the Universal Service Fund shall be done by a resolution from the Board of Directors on the following aspects: 1. Infrastructure projects required for establishing the Universal Service rule. 2. Reallocation of the Frequency Spectrum. 3. Projects of the Telecommunication and Information National Plan. 4. Indemnifying Telecommunication Operators and service providers for price differences between the approved economical price for the service and that which may be determined by the State in favor of the User. National Telecom. Reg.Authority 6