NATIONAL EXAMINATIONS COUNCIL (NECO) (ESTABLISHMENT) ACT
Section 13: Establishment and maintenance of a fund.
(1)
The Council shall establish and maintain a fund into which shall be paid and credited all the income accruing to the Council under subsection (2) of this section and from which shall be defrayed all the expenditure incurred by the Council.
(2) There shall be paid into the fund established pursuant to section (1) of this section-
(a) such monies as may from time to time be lent or granted to the Council by the Government of the Federation or State or local government;
(b) all monies raised for the purposes of the Council by way of gifts, loans, grant-in-aid, testamentary dispositions or otherwise;
(c) such other monies as may be payable to the Council in the course of the discharge of its functions;
(d) all interest received in respect of monies invested by the Council; and
(e) all other assets as may, from time to time, accrue to the Council.
Cite this section
Section 13, NATIONAL EXAMINATIONS COUNCIL (NECO) (ESTABLISHMENT) ACT (2002).
https://repo.podus.ai/laws/national-examinations-council-neco-establishment-act/section/13/