(b) 1 application, initial and renewal fees charged for Licences. 2 revenue of annual Licences’ fees based in the case of an Individual Licence on the gross annual turnover of the Licensee resulting from this Licence, provided that such fees shall not exceed one percent (1%) of such gross annual turnover. Fees for a Class Licence are to be specified in accordance with the conditions provided for in such Licences, or by virtue of a resolution issued by the Authority if such fees are not specified in the Licence. 3 fees charged by the Authority for any services that it provides. 4 fines collected by the Authority from Licensees on the basis of the Licences granted to them. Fines to be collected by the Authority shall not be taken into consideration when preparing the annual budget. Any increase in the fees provided for in subparagraphs (a)(1) and (2) of this Article shall be approved by the Board, provided in all cases that fees shall not exceed the percentage provided for in subparagraph (a)(2) of this Article. The Board shall indicate in writing the grounds for a refusal to increase fees. (c) Activities and operations of the Authority shall be funded from the General State Budget during the year that follows the date on which this Law shall enter into force, provided that the activities of the Authority shall thereafter be funded from the revenues provided for in paragraph (a) of this Article and if such revenue is insufficient, the provisions of the following paragraph shall apply. (d) The Authority may, after co-ordination with the Ministry of Finance and National Economy, submit an application to the Council of Ministers for a grant from the public treasury to cover a deficit shown in its approved budget, including where the deficit results from non-payment by the Licensees of the fees payable to the Authority, provided that the Authority shall use such grant for funding the expenses included in its approved budget. The Authority may fund the deficit by borrowing in accordance with the provisions of Article 20 of this Law. ARTICLE 19 THE AUTHORITY'S EXPENDITURE (a) The Authority shall use the revenues collected by it under this Law in accordance with its approved budget to fund its activities, including: 1 meeting the administrative and operating costs of the Authority. 2 payment of salaries, wages, remuneration and allowances, and other financial benefits payable to the General Director and staff members of the Authority, pensions and social insurance. -20Translation dated 12 April 2009 This is an unofficial translation of the Law. It is provided for information purposes only. Reliance may only be placed upon the official Arabic version of the Law published in the Official Gazette of the Kingdom of Bahrain. Any comments on this translation will be gratefully received by the Authority. Please email any comments to: contact@tra.org.bh