Section 8: Financial provisions

(1) The Technical Committee shall maintain a fund which shall consist of such moneys as may from time to time be provided by the Federal and State Governments by way of grant and from such fund there shall be defrayed all expenses incurred by the Technical Committee.
(2) The Technical Committee shall keep proper accounts and records of its receipts, payments, assets and liabilities and shall prepare in respect of each financial year a statement of accounts in such form as the Federal Government may direct.
(3) The Technical Committee shall within three months after the end of the financial year to which the accounts relate, cause the accounts to be audited.