Section 1: Organisation and operation

The establishment’s budget includes a provisional profit and loss account and a provisional statement of changes in assets and liabilities on an accruals basis. The appropriations for staff expenditure, with the exception of staff recruited on a temporary or occasional basis, are limited. If, before the start of the financial year, the budget has not been approved by the Board of Directors or has not been approved by the supervisory…

Proposals to sell, contribute or create a security interest in an asset referred to in the second paragraph of article L. 5315-7 shall be sent to the supervisory ministers, together with the draft agreement with the transferee, the transferee of the contribution or the beneficiary of the security interest. These ministers have a period of three months from receipt of the draft to make known their joint decision, either to…