Section 34: Expenditure of the Council.

The Council may, from time to time, apply the proceeds of the Fund established under section 33 of this Act-(a) to the cost of administration of the Council and its operating directorates;
(b) to the payment of the emoluments, allowances and benefits of the Board or of any Committee set up by the Board and for such expenses as may be expressly authorized by the Board;
(c) to the payment of the salaries, fees or other remuneration or allowances, gratuities and pensions and other benefits payable to the staff and other employees of the Council, so however that no payment of any kind under this subsection (except such as may be expressly authorized by the Board) shall be made to any person who is in receipt of emoluments from the Federal or State Governments;
(d) for the development and maintenance of any property vested in or owned by the Council;
(e) for maintaining general reserves subject to the general or special directive that may be given in that behalf by the Board in accordance with the provisions of this Act; and
(f) for and in connection with all or any of its functions under this Act.