Article L411-16 of the French Tourism Code
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…