following meeting between President George Bush
and Prime Minister Ariel Sharon
Washington, D.C., 16 October 2002
(as published by the White House)
As part of the effort to further Palestinian reform, the President of the United States and the Prime Minister of Israel agreed that the Government of Israel would consider favorably the gradual return and scheduled transfer of all PA tax funds collected by Israel on the unequivocal condition that there would be full U.S.-led monitoring to ensure that these funds will only be used for the economic and civil activities of the Palestinian community and to prevent the use of these funds for terrorist activity of any kind.