Section 16: Fund of the Authority.

(1) The Board shall establish and maintain a fund from which shall be defrayed all expenditures incurred by the Authority.
(2) There shall be paid and credited to the fund established pursuant to subsection (1) of this section-
(a) 10 per cent of the Ecological Fund;
(b) such moneys as may, from time to time, be lent or granted to the Authority by the Government of the Federation, a State or a local government;
(c) all moneys raised for the purposes of the Authority by way of gift, loan, grant-in-aid, testamentary disposition or otherwise;
(d) all subscriptions, fees and charges for services rendered by the Authority; and
(e) all other assets that may, from time to time, accrue to the Authority.
(3) The fund established by subsection (1) of this section shall be managed in accordance with rules made by the President 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 fund of the Authority 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 purposes of the fund in such form as may be specified in the rules.