BOOK IV: FINANCING ACCESS TO HOLIDAYS AND TOURISM TAXATION.

A financially autonomous State-owned industrial and commercial public body, known as the Agence nationale pour les chèques-vacances (National Holiday Voucher Agency), is solely responsible for issuing holiday vouchers under the conditions set out in article L. 411-11, and reimbursing them to the public authorities and service providers mentioned in articles L. 411-2 and L. 411-3. It is placed under the supervision of the Minister for the Economy and Finance and…

The agency is authorised to carry out all activities directly or indirectly related to its mission of managing and developing the holiday voucher scheme. It contributes to the implementation of social tourism policies. The agency enters into agreements with service providers to promote and market holiday vouchers in companies with fewer than fifty employees. In accordance with the guidelines laid down by its Board of Directors, it allocates social aid…

The Agence nationale pour les chèques-vacances is administered by a Board of Directors comprising representatives of holiday voucher beneficiaries, appointed on the recommendation of the trade unions concerned, representatives of employers, representatives of the State and local authorities, qualified persons with expertise in the field of tourism and leisure and in the social field, and representatives of the agency’s staff elected by them. It is headed by a Managing Director….

The agency’s resources include in particular 1° Proceeds from the sale of holiday vouchers to employers and social organisations under the conditions set out in Articles L. 411-11 and L. 411-18 to L. 411-20; 2° Commissions received on the sale and redemption of holiday vouchers and deductions for administrative costs incurred in allocating the equivalent value of expired vouchers; 3° Financial income resulting in particular from the investment of funds…

A decree in the Conseil d’Etat shall lay down the conditions for the application of this section.