Article 51. Before the beginning of the month of Day (22 December) of each year, the Board of Directors is required to prepare the budget for the entire Organization for the following year and present it to the High Council of the Organization. The High Council of the Organization isrequired to approve the budget for the following year no later than the15th Esfand (5 March) and notify the Board of Directors accordingly.
Note . The share of the National Health Insurance organization to cover expenses arising out of Sections, A and B of Article 3 of this law shall be separately stated in the budget of the Organization in accordance with Article 29.
Article 52. The balance of the income after deduction of expenses, all income from fines and delay penalties interest on fizzed deposits, dividends on securities, profits from investments, as well as income derived from the sale transfer or use of property of the Organization shall be credited in its entirety to the reserve account.
Note 1. Each year on the proposal of the Board of Directors, the High Council of the Organization shall assign an amount out of the reserves for the purchase of immovable property, and the provision of new buildings, or installations and equipment, for which no provision has been made in the budget of the Organization.
Note 2. The development of medical facilities shall be financed out of the reserve funds, on the proposal of the National Health Insurance Organization as confirmed by the Board of Directors of the Organization and approved by the High Council . Said facilities will be put at the disposal of the National Health Insurance Organization, but the title
thereto will remain in the Organization.
Article 53. The reserves of the Organization shall be deposited with the Workers Welfare Bank. The said bank shall manage the investment of said reserve funds through a committee with the approval of the High Council of the Organization.
