The exclusive purpose of the EAEAP is the exploitation and management of the properties over which it retains property rights or which are administered and managed by the Holy Archdiocese of Athens or legal persons or entities under its jurisdiction.
The revenues of EAEAP (in exchange for real estate development, interest, dividends etc.) will be attributed to the State and the Archdiocese, while the possibility of allocating the specific revenues of the Archdiocese to the EAEAP is also foreseen.
The term of office of the Board of Directors will be five years (with the possibility of simultaneous renewal), its members will be five. One member will be nominated by the finance minister, one from the Minister of Education and three from the Archdiocese of Athens.
The properties will be transferred to EAEAP with the conclusion of a relevant contract between EAEAP and the owner of the property as the case may be, without compensation and free of charge, without paying any tax, fee or other burden for a period of time which cannot exceed 99 years.
They are also exempt from tax, fee or other charge the income attributed to the persons who granted the rights they had on the properties.