Section 15: Fund of the Commission.

(1) The Commission shall establish and maintain a Fund from which shall be defrayed all expenditure incurred by the Commission.
(2) There shall be paid and credited to the Fund established under subsection (1)-
(a) from the Federal Government, the equivalent of 15% of the total monthly statutory allocations due to member states of the Commission from the Federation Account;
(b) 3% of the total annual budget of any oil producing company operating on shore or off shore, in the South-East states, including gas processing and agricultural processing companies;
(c) 3% of the total annual budget of any solid mineral extracting mining company operating in the South-East states;
(d) 50% of money due to member states of the Commission from the Ecological Fund;
(e) such money as may be granted, lent to, or deposited with the Commission by the Federal or a state government or any other body or institution whether local or foreign;
(f) all money raised for the purposes of the Commission by way of gifts, loan, grants-in-aid, testamentary dispositions or otherwise; and
(g) proceeds from all other assets that may accrue to the Commission.
(3) The Fund shall be managed in accordance with the rules made by the Board, and without prejudice to the generality of the power to make rules under this subsection, the rules shall in particular contain provisions-
(a) specifying the manner in which the assets or the Fund of the Commission are to be held, and regulating the making of payments into and out of the Fund; and
(b) requiring the keeping of proper accounts and records for the purpose of the fund in such form as may be specified in the rules.