Fund of the Board

(1) The Board shall have its own fund and all receipts of the Board shall be credited there to and all payments by the Board shall be made therefrom. (2) The Board may accept loans, subventions, grants and gifts from the Government or a local authority or other statutory body including the Commission or any private body, whether incorporated or not, or an individual for all or any of the purposes of this Act. (3) All moneys belonging to the fund of the Board shall be deposited in such manner as the Government may, by special or general order direct. (4) Such accounts shall be operated upon by such officers jointly or individually as authorised by the Board. Recruitment to the posts under the Board shall be made by Executive Committee.