חוק נכסים של נספי השואה והטבות לניצולי שואה נזקקים (תיקוני חקיקה), התשע"ח-2017Law on the Assets of Holocaust Victims and Benefits for Needy Holocaust Survivors (legislative amendments), 2017 · automatic translation · suggest a correction

Official summary of the law (Knesset)

The purpose of the Law is to ensure the continuation of financial assistance to Holocaust survivors following the liquidation of the Company for Locating and Restituting Assets of Holocaust Victims. The purpose of the Company was to locate assets in Israel belonging to Holocaust victims and return them to their lawful heirs, or, where no lawful heirs were located, to transfer them for the purpose of assisting needy Holocaust survivors and commemorating the Holocaust. The assistance provided by the Company until its liquidation amounted to 11,000 new shekels every quarter. The legislator determined that upon liquidation of the Company, part of the assets held by the Company would be transferred to the management of the General Custodian for the continued handling of their restitution to heirs, and part of the assets would be transferred to the Company's liquidator for realization and allocation of the funds for assistance and commemoration purposes. Due to concern that the funds remaining from this arrangement would not suffice for the continued assistance to Holocaust survivors, it was determined that the Authority for the Rights of Holocaust Survivors in the Ministry of Finance would pay Holocaust survivors a grant in an amount identical to the grant Holocaust survivors received before the Company's liquidation. The Law also regulates the transfer of funds realized from the Company's assets for which no lawful heirs were found, from the Company's liquidator to the State Treasury, less 4% thereof, which will be used for commemoration purposes.

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Sponsors

Merav Michaeli, David Bitan, Moshe Gafni