Article Sixteen
The ERTU systems, human resource management schemes, and financial accounts management
configurations shall hereby be subject to the provisions set forth in the present Law, as well as
applicable regulations and guidelines released by the Board of Trustees; notwithstanding the laws,
regulations and directives carried out by the Government of Egypt.
Article Seventeen
The principle capital of the ERTU shall hereby be decreed by the President of the Republic. The
Minister of Finance shall hereby decree the formation of an ad hoc committee mandated to:
(1) Make an inventory and assessment of the capital assets and liabilities of the ERTU;
(2) Assess and identify the debts and liabilities falling due and payable by the ERTU to the
Ministry of Finance;
(3) Propose motions to deal with the liabilities and debts falling due and payable by the ERTU,
whether partially or entirely, as match contributions by the Government to the ERTU
principle capital;
The recommendations drawn by the respective Committee shall be reviewed and approved by
the virtue of a decree to be issued by the Minister of Finance.
Article Eighteen
The Egyptian Radio and Television Union shall maintain an independent budget, as decreed and
mandated by the President of the Republic. The development of the respective budget shall abide
by the rules and norms applicable to the development of economic enterprising. It shall be
permissible for the Egyptian Radio and Television Union to establish an investment budget, for a
period that shall exceed a one-year term, by the virtue of a decree to be issued by the President of
the Republic.
Article Nineteen
The ERTU fiscal year shall commence on the first of January and shall end on the 31st of December, of
each year.
Article Twenty
The ERTU gross revenue shall consist of all the following revenue items:
(1) revenue collected from the statutory fees and charges in support of the Egyptian Radio and
Television Union;
(2) Revenue collected from the business activities and services performed by the ERTU;
(3) Budget allocations and assignments provided by the Government of Egypt to the ERTU;