Section 14: Funds of the Commission (As amended by Section 2 of the Hydro-Electric Power Producing Areas Development Commission (Amendment) Act, 2013)

(1)
The Commission shall establish and maintain a Fund from which shall be defrayed all expenditure incurred by the Commission.
(2)
There shall be paid and credited to the Fund established pursuant to subsection (1) of this section -
(a) 10 percent of the total Federal Government's revenue derived from concessioning of the hydro plants and royalties paid to the Federal Government.
(b)
50 per cent of money due to member States of the Commission from the Ecological Funds;
(c)
all money raised for the purpose of the functions of the Commission by way of gifts, loans, grants-in-aid, testamentary disposition or otherwise; and
(d)
proceeds from all other assets that may, from time to time, accrue to the Commission.
(3)
The Federal Government shall contribute to the Fund by way of appropriations, through the National Assembly, a sum not less than 40 per cent of the Commission's annual budget.
(4)
The Fund shall be managed in accordance with the rules made by theCouncil, and without prejudice to the generality of the power to make rules under this subsection, the rules shall in particular contain provisions-
(a)
specifying the manner in which the assets of the Funds of the Commission are to be held and regulating the making of payments into and out of the Fund; and
(b)
requiring the keeping of proper accounts and records for the purpose of the Funds in such form as may be specified in the rules.