Section 21: Expenditure of the Board.

(1) The Agency may, from time to time, apply the proceeds of the Fund established under section 12 of this Act:
(a) to the cost of administration of the Agency,
(b) to the payment of the emoluments, allowances and benefits of members of the Board and for reimbursing members of the Board or of any committee set up by the Board and for such expenses as may be expressly authorized by the Boards;
(c) to the payment of the salaries, fees or other remuneration or allowances gratuities and pensions, and other benefits payable to the staff and other employees of the Agency, so however that no payment of any kind under this paragraph (except such as may be expressly authorized by the Board) shall be made to any person who is in receipt of emoluments from the Government of the Federation or of a State;
(d) for the development and maintenance of any property vested in or owned by the Agency;
(e) for maintaining general financial reserves subject to general or special directive that may be given in that behalf by the Minister in accordance with the provisions of this Act; and
(f) to any other expenditure in connection with all or any of its functions under this Act.
(2) Proceeds from the fund established under Section 12 (b) shall be applied for the purpose which such gifts, loans or grants-in-aid were made.
(3) Proceeds from the funds established under Section 12 (c) shall be remitted to the Treasury of the Federal Government.