Section 26: Expenditure of the Agency.

(1) The Agency may, from time to time, apply the proceeds of the fund established pursuant to section 16 of this Act-
(a) to the cost of administration of the Agency ;
(b) to the payment of the emoluments, allowances and benefits of members and committees of the Board and such other expenses authorised by the Board ;
(c) to the payment of the salaries, fees or other remuneration or allowances, gratuities and pensions, and other benefits payable to the officers and other employees of the Agency, so however that no payment of any kind under this paragraph (except such as may be expressly authorised by the Board) shall be made to any person who is in receipt of emoluments from the Federal or State Government;
(d) for the development and maintenance of any property vested in or owned by the Agency ;
(e) for geological and mineral investigation and research work carried by or on behalf of the Agency ; and
(f) for and in connection with all or any of its functions under this Act.