Subsection 3: Financial and accounting rules

The public establishment is subject to: 1° The rules applicable to industrial and commercial companies in terms of financial management and accounting; 2° State economic and financial control, in accordance with the conditions laid down by Decree no. 53-707 of 9 August 1953 on State control of national public companies and certain bodies with an economic or social purpose and Decree no. 55-733 of 26 May 1955 on State economic…

The public establishment keeps analytical accounts to meet the requirements of managing services of general economic interest and assessing the public service obligations giving rise to compensation.

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…