Section 25: Financial provisions

(1) The Council shall establish and maintain a fund which shall consist of-
(a) such sums as may, from time to time, be provided by the Federal Government for the running of the expenses of the Council;
(b) such other sums as may accrue to the Council either in the execution of its function under this Act or in respect of any property vested in the Council or otherwise however.
(2) The Council may, from time to time, apply the proceeds of the fund established pursuant to this section-
(a) to the cost of administration of the Council;
(b) for reimbursing members of the Council or of any committee set up by the Council of such expenses as may be expressly authorised by the Council in accordance with such rates as may be approved, from time to time, by the Federal Government;
(c)
to the payment of salaries or other remuneration or allowances and pensions payable to the employees of the Council;
(d) for the maintenance of any property acquired or vested in the Council;
(e) for and in connection with all or any of the functions of the Council under this Act.
(3) The Council shall, not later than 30 June in each year, submit to the Minister for approval its estimate of income and expenditure during the next succeeding year.