Section 12: Expenditure of the Board.

(1) The Board may, from time to time, apply the proceeds of the fund established in pursuance of section 11 (1) of this Act-
(a) to the cost of administration of the Board;
(b) to the payment of the salaries, fees or other remuneration or allowances and pensions, superannuation allowances and gratuities payable to members or employees of the Board, so however that no payment of any kind under this paragraph shall be made to any person who is in receipt of emoluments from the Government of the Federation or the Government of a State;
(c) for the maintenance of any property vested in the Board; and
(d) for and in connection with any of its functions under this Act.