In Turnaround, Jewish National Fund Agrees to Transfer Funds to the State - Business - Haaretz
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The Jewish National Fund has agreed to the government’s demand to transfer large sums to the state from the sale of JNF land.
The organization had previously resisted government efforts to pass legislation requiring the transfer of the funds, but on Wednesday its director general, Meir Spiegler, said the JNF would invest 1 billion shekels ($254 million) to fund projects to encourage housing construction.