March 17, BNS–The Lithuanian parliament Thursday adopted fast-track amendments to allow the Goodwill Fund administering compensation for Jewish religious community property to allocate funds more freely. The vote was 81 MPs for, 1 against and 5 abstentions. Under the new amendment, the Goodwill Fund will be allowed to cover its administrative costs using monies from the state. It suggests fixing administration costs so they never exceed 10 percent of the annual amount of compensation paid out by the treasury according to the annual state budget.
Last year the fund spent 125,942 euros on expenses, but the Office of State Comptroller warned the law didn’t allow the fund to use state allocation for administrative costs. The amendments also allow the fund to invest monies paid into the fund but not used. Such a move would require careful consideration of investment security, liquidity, annual profits and other factors.




























