Section 24: Funds of the College

(1) There is established for the College a fund (in this Act referred to as "the Fund") from which all expenses incurred by the College for the performance of its functions under this Act shall be paid.
(2) There shall be credited to the Fund established under subsection (1) -
(a) grants, subventions and budgetary allocations received from the Government of the Federation including such money as may be appropriated to the College by the National Assembly;
(b) such money as may be lent or granted to the College by the Federal, States or Local Governments;
(c) fees for training and allied services rendered by the College;
(d) all sums accruing to the College by way of gifts, endowments, bequests, grants, donations, subsidies or other contributions by persons, organisations and donor agencies;
(e) money from such other sources as may be approved by the Council for the College; and
(f) a percentage of ticket, contract, cargo, charter sales or any other charges under the Civil Aviation Act or such other percentage as may be stipulated by the Minister.
(3) The Fund established under subsection (1) shall be managed in accordance with extant Financial Regulations applicable in the Public Service of the Federation.