Section 14: Application of the proceeds of the fund.

(1) The Council may, from time to time, apply the proceeds of the fund established pursuant to section 13 of this Act-
(a) to the cost of administration of the Council;
(b) for reimbursing members of the Council or of any committee set up by the Council for such expenses as may be expressly authorised by the Council in accordance with such rates as may be approved, from time to time, by the Minister;
(c)
to the payment of salaries, fees or other remuneration or allowances, pensions, superannuation and gratuities payable to the officers and employees of the Council;
(d)
to the repayment of any money borrowed under section 13 of this Act or of any interest payable thereon;
(e) for the maintenance of any property acquired by or vested in the Council; and
(f) for and in connection with all or any of the functions of the Council under this Act or any other written law.
(2) The Council may, from time to time, place money standing to its credit in fixed deposits in such reputable banks as the Council may think necessary or expedient with a view to generating interest on the money.