BREAKING NEWS

High Court rules Quarry Renovation Fund money to stay put

High Court rules Quarry

By EHUD ZION WALDOKS

OCTOBER 1, 2009 14:03

The High Court of Appeals overturned on Thursday an order to hand over the Quarry Renovation Fund worth NIS 300 million to the Finance Ministry for inclusion in the state budget. Instead, the Fund will continue to manage its own funds. The ruling brings to a close the case which began in 2002 when the government ordered the Fund to place its funds at the discretion of the Treasury for dispersal. The Union of Quarriers objected on behalf of the fund arguing that if the funds went into the general budget, they would not be used for rehabilitating quarries which they were required to do by law. The Fund rehabilitates tapped out quarries and either restores them to a natural state or turns them into parks. For every ton that is quarried, the quarrying companies contribute to the Fund.

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