Section 11: Fund of the Board.

(1) The Board shall establish and maintain a fund from which shall be defrayed all expenditure incurred by the Board.
(2)
There shall be paid and credited to the fund established pursuant to subsection (1) of this section-
(a) such moneys as may, from time to time, be lent or granted to the Board by the Government of the Federation or of a State;
(b) all moneys raised for the purposes of the Board by way of gift, loan, grants-in-aid, testamentary disposition or otherwise;
(c) all subscriptions, fees or charges for services rendered by the Board; and
(d) all other assets that may, from time to time, accrue to the Board.
(3) The fund shall be managed in accordance with rules made by the Minister 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 or the fund are to be held and regulating the making of payments into and out of the fund;
(b) requiring the keeping of proper accounts and records for the purpose of the fund in such form as may be specified in the rules.