NATIONAL CENTRE FOR AGRICULTURAL MECHANISATION ACT

Section 15: Fund of the Board.

1990Section 15 of 22Federal Republic of Nigeria

(1) The Board shall establish and maintain a fund from which shall be defrayed, with the general or specific approval of the Minister in any case, all expenditure incurred by the Board.
(2) There shall be paid and credited to the fund established in pursuance of subsection (1) of this section
(a) all moneys raised for the general purposes of the Centre;
(b) all moneys accruing to the Board on behalf of the Centre by any means, including grants-in-aid, endowments and donations;
(c) all charges, dues, fees or amounts recovered by the Board;
(d) all interests on moneys invested by the Board; and
(e) such other sum as may, from time to time, accrue to the Centre or the Board.
(3) All sums of money received on account of the Centre by the Board accruing to the fund shall be paid into the Central Bank of Nigeria for the credit of the Centre.

Cite this section

Section 15, NATIONAL CENTRE FOR AGRICULTURAL MECHANISATION ACT (1990).

https://repo.podus.ai/laws/national-centre-for-agricultural-mechanisation-act/section/15/