NATIONAL THEATRE AND THE NATIONAL TROUPE OF NIGERIA BOARD ACT
Section 11: Establishment of the fund by the Board.
(1) There shall be established by the Board the following funds
(a) The National Theatre Fund; and
(b) The National Troupe Fund.
(2) Each of the Funds established by subsection (1) of this section shall be maintained and managed by the Board.
(3) There shall be paid and credited to each Fund established by subsection (1) of this section-
(a) such take-off sums as may be granted by the Government of the Federation to the Board;
(b) all moneys raised for the purposes of the Troupe by way of gifts, grants-in-aid, testamentary disposition and sales from production;
(c) such sums as may, from time to time, be lent to the Board by any person or body;
(d) all subscriptions, fees, and charges for services rendered by the Troupe;
(e) all gate collections and entertainment fees as the Board may, from time to time, prescribe for the National Theatre;
(f) all other sums as may accrue to the Board, the National Theatre or the Troupe from any other sources.
(4) The National Theatre and the Troupe shall operate as profit making commercial ventures and shall not receive, except for the take-off grants given to the Board by the Government of the Federation pursuant to subsection (2) (a) of this section, any subvention from the Government of the Federation.
(5) Notwithstanding the provisions of subsection (3) of this section, the Board may organise fund raising activities in any part of Nigeria and may for this purpose utilise the Troupe for such fund raising.
Cite this section
Section 11, NATIONAL THEATRE AND THE NATIONAL TROUPE OF NIGERIA BOARD ACT (1991).
https://repo.podus.ai/laws/national-theatre-and-the-national-troupe-of-nigeria-board-act/section/11/