Section 12: Establishment of Fund for the Institute.
(1) The Institute shall establish and maintain a fund which shall be applied towards the promotion of the objectives specified in this Act.
(2) At the beginning of every budget year, the Federal Government shall approve a budget for the Institute.
(3) There shall be paid and credited to the Fund established for the Institute:
(a) sums appropriated from the Federal budget for the fiscal year;
(b) gifts and donations and contributions from national and international institutions and philanthropic persons and organizations; and
(c) fees charge for service rendered by the Institute.
Cite this section
Section 12, NATIONAL INSTITUTE FOR LEGISLATIVE STUDIES ACT [AS AMENDED BY THE NATIONAL INSTITUTE FOR LEGISLATIVE STUDIES (AMENDMENT) ACT, 2017] (2011).
https://repo.podus.ai/laws/national-institute-for-legislative-studies-act-as-amended-by-the-national-institute-for-legislative-studies-amendment-act-2017/section/12/