The Government of the Council of the European Union of 23 December 1958 (531/58) , as defined by the Law of 13 December 1985 (980/83) , the Ministry of Trade and Industry has decided to:

ARTICLE 1

The Board of State appoints the members of the Board of Governors and their personal deputies for four years.

The Executive Board shall be represented at the Department of Trade and Industry, the Department for Industry and Energy, the Ministry of Foreign Affairs, the Ministry of Finance and the Ministry of Defence and the Defence Planning Centre.

The Ministry of Trade and Industry determines the number of side secretaries necessary for the emergency reserve fund.

ARTICLE 2

The Executive Board shall:

1. Make proposals to the Ministry of Trade and Industry on the budget for the contingency reserve, the plan for the use of funds, the consolidation of the financial statements and the activity report;

2., with the permission of the Government, to decide on the purchase and sale of immovable property;

3. With the permission of the State Council and under the conditions set by it, to decide whether to take a loan for the operation of the emergency reserve fund;

4. To manage the operation of the Fund and to decide on the trade measures to be taken with the funds of the emergency reserve fund and to approve, on behalf of the emergency reserve fund, the storage and exchange of goods purchased in the security warehouse, Contracts for construction, hire and maintenance;

5. Plan and monitor the overall functioning of state security stocks and make proposals for the development of emergency storage; and

6. To handle any other items assigned to the board of the emergency reserve fund.

ARTICLE 3

The Executive Board shall be quorum when, in addition to the Chairperson or Vice-Chairperson, at least three Members shall be at the meeting. Cases shall be settled by simple majority. In the event of a tie, the opinion which the chairman of the meeting has endorsed will be tied.

The Management Board shall meet in the Chair or, in his absence, at the invitation of the Vice-President.

§ 4

Documents drawn up by the Governing Board or by a person authorised by the Board of Directors or by a person authorised by the Executive Board shall be signed by the Chairperson or Vice-Chair of the Board of Directors and shall verify the security reserve fund; Secretary.

The secretaries of the Emergency Reserve Fund shall be responsible for preparing the matters referred to in Article 2 of this Decision on behalf of the Governing Board and for the implementation of decisions taken.

§ 5

The Ministry of Trade and Industry confirms the remuneration of the board, members and secretaries of the emergency reserve fund. (8.6.1989/550)

Before fixing the premiums, the Ministry of Finance should be given an opportunity to make a statement. (8.6.1989/550)

The Executive Board shall otherwise be subject to the provisions of the Committee of the Regions.

ARTICLE 6

The reserve fund of the reserve storage fund is in force, as provided for in the accounts of the Ministry of Trade and Industry.

§ 7

This Decision shall enter into force on 15 February 1986.

This Decision repeals the decision of the State Council of 28 August 1980 on the Administrative Commission of the State Security Fund.