Section 12: Establishment of fund

(1) The Board shall establish and maintain a fund from which shall be defrayed, all the expenditure incurred by the Authority as specified in this Act.
(2) There shall be paid and credited to the fund established, pursuant to subsection (1) of this section-
(a) such sums as may be provided by the Federal Government;
(b) all sums charged for services rendered by the Authority;
(c) all other sums that may accrue to the Authority from any other source.
(3) The Authority may, from time to time, apply the proceeds of the fund established in pursuance of subsection (1) of this section-
(a) to the cost of administration of the Authority;
(b) for reimbursing members of the Board or of any committees set up by the Board for such expenses as may be expressly authorised by the Board in accordance with the rates approved by the President;
(c) to the payment of salaries, fees or other remuneration, allowances, pensions and gratuities payable to the employees of the Authority;
(d) for the maintenance of any property vested in the Authority; and
(e) for and in connection with all the purposes of this Act.