Section 18: Operating Fund of the Corporation.

(1) There is established for the Corporation an Operating Fund which shall consist of-
(a) the capital of the Corporation provided under section 16 of this Act;
(b) income from the investments of the Corporation other than income from the investment of the deposit insurance funds established under section 17 of this Act;
(c) such portion of income from investment of the deposit insurance funds established under section 17 of this Act which the Board has not appropriated to the relevant deposit insurance fund under 17 (6) (c) of this Act;
(d) money borrowed from any source with the approval of the Board; and
(e) money from any other source as may be approved by the Board.
(2) There shall be chargeable to the Operating Fund established under subsection (1)-
(a) all expenses, other than those stipulated under section 17 (7) of this Act, incurred by the Corporation as approved by the Board or under such expenditure policy approved by the Board;
(b) money required for the payment of funds borrowed by the Corporation including interest on such borrowed funds;
(c) allowances and remuneration payable to members of the Board;
(d) remunerations and other allowances payable to the Secretary to the Board and other staff of the Corporation;
(e) the cost of administration of the Corporation in accordance with the budget approved by the Board;
(f) the payment for all consultancies, contracts, including mobilisation, fluctuations, variations, legal fees and cost on contract administration as approved by the Board or under the expenditure or procurement plan approved by the Board;
(g) all expenses necessary to meet capital expenditure approved by the Board of the Corporation;
(h) all expenses necessary to maintain any property acquired by or vested in the Corporation; and
(i) the payment of such other expenditure (other than those stipulated under section 17 of this Act) necessary for the performance of the functions of the Corporation.
(3) The Operating Fund of the Corporation shall be managed in accordance with the rules made by the Board.