INFRASTRUCTURE CONCESSION REGULATORY COMMISSION (ESTABLISHMENT, ETC.) ACT
Section 25: Expenditure of the Commission
The Commission may from time to time apply the proceeds of the fund established under Section 24 of this Act-(a) to the cost of administration of the Commission;
(b) to the payment of the emoluments allowances and benefits of members of the Board and for reimbursing members of the Board or of any Committee set up by the Board and for such expenses as may be expressly authorised 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 Commission, so however that no payment of any kind under this paragraph (except such as may be expressly authorised by the Board) shall be made to any person who is in receipt of emolument from the Government of the Federation or of a State;
(d) for the development and maintenance of any property vested in or owned by the Commission;
(e) for maintaining general financial reserves subject to general or specific directives that may be given in that behalf by the President in accordance with the provision of this Act; and
(f) for and in connection with all or any of its functions under this Act.
Cite this section
Section 25, INFRASTRUCTURE CONCESSION REGULATORY COMMISSION (ESTABLISHMENT, ETC.) ACT (2005).
https://repo.podus.ai/laws/infrastructure-concession-regulatory-commission-establishment-etc-act/section/25/