Section 10: Funds of the Board

(1) The Board shall establish and maintain a fund, which shall consist of-
(a) Such sums as may be lent or granted to the Board by the Government of the Federation, State or local government;
(b) Any fees and charges for services rendered by the Board or publications made by the Board;
(c) All other sums accruing to the Board by way of gift, testamentary disposition or otherwise; and
(d) All other assets that may, from time to time, accrue to the Board.
(2) The Board shall, from time to time, apply the proceeds of the fund established pursuant to subsection (1) of this section-
(a) To the cost of administration of the Board;
(b) For reimbursing members of the Board or any committee of the Board for such expenses as may be expressly authorized by the Board in accordance with the rates approved by the President;
(c) To the payment of salaries, fees or other remuneration or allowances and pensions, gratuities payable to members or employees of the Board.
(3) The fund shall be managed in accordance with rules made by the Minister 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 Board 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.