Section 15: Establishment of the Fund of the Institute.

(1) The Council shall establish and maintain a fund (in this Act referred to as "the Fund") for the purpose of this Act.
(2) There shall be paid into the Fund-
(a) all fees and other money payable to the Council under this Act; and
(b) such money as may be payable to the Council, whether in the course of the performance of its functions or otherwise.
(3) There shall be paid out of the Fund-
(a) the remuneration and allowances of the Registrar and other employees of the Council; and
(b) such reasonable travelling and subsistence allowance of members of the Council in respect of the time spent on the business of the Council as the Council may determine.
(4) The Council may invest money in the Fund in any security created or issued by or on behalf of the Federal Government or in any other securities in Nigeria approved by the Council.
(5) The Council may borrow money for the purposes of the Institute and the interest payable on money so borrowed shall be paid out of the Fund.
(6) The Council may create as Social Work Practitioners Benevolent and Educational Fund which shall-
(a) be managed by the Board of Trustees and a management committee both to consist of members appointed by the Council; and
(b) provide assistance to indigent, distressed, ill or incapacitated members of the Institute.
(7) The Council may create other Funds as it deems fit.