A Central Nuclear Financial Fund was established as of the 1st of January 1998 by the Act on Atomic Energy and the executive orders thereof, with the purpose of financing the disposal of radioactive wastes, the interim storage, and final disposal of spent nuclear fuels and the decommissioning and dismantling of nuclear facilities.

The Fund shall be under the command of the Minister, responsible for controlling the work of Hungarian Atomic Energy Agency (HAEA), and shall be managed by HAEA.

Institutes sending waste into the Radioactive Waste Treatment and Disposal Facility for final disposal are supposed to pay into the Fund an amount as specified in the pricelist issued in the relevant Ministerial decree.

The payments imposed upon nuclear installations, which are financed from central budgetary sources, such as training reactors and research reactors, are covered from the central budget, when such payments become payable.

The annual amount to be paid by Paks Nuclear Power Plant into the Fund shall be established in consideration of the recommendation made by the Minister having authority over HAEA. This recommendation shall be based on PURAM’s proposal as approved by HAEA and the Hungarian Energy Office. The payments made by Paks Nuclear Power Plant shall be taken into account in the price of the electric energy.

A long-term plan, for a period up to the decommissioning of the nuclear installation, a middle term (for a period of five years) and a one-year working plan shall be developed for the use of the Fund. The development of such plans/working plans shall be the responsibility of PURAM. The long and middle term plans shall be reviewed, and updated on annual basis, as required. The long and middle term plans shall be approved by the Minister having control over HAEA. The liabilities for payment into the Fund shall be established in due consideration of the relevant plans.

As of 31 December 2008, the amount accumulated in the Fund was HUF 129 billions.