Section 22: Research and Development Fund of the Corporation.

(1) There is established a Research and Development Fund for the Corporation into which shall be credited five percent of the amount of every procurement made directly from the Corporation or other vendors, by each of the armed forces and other security agencies.
(2) The five percent referred to in subsection (1) shall be deducted at source and credited to the Research and Development Fund on every transaction within 30 days from the date of purchase.
(3) Where any contribution is not paid within the time specified in subsection (2), a sun equal to 10% of the unpaid sun shall be added for each month or part of a month after the date on which payment should have been made.
(4) The Research and Development Fund established under this section shall be applied for-
(a) research and development consistent with the objectives of this Act and functions of the Corporation;
(b) building in military technology; and
(c) local and international collaboration in research and development including science and technology consistent with the objectives of this Act and functions of the Corporation.