Section 13: Funds

13. Funds.—There shall be established a fund to be called the General Cosmetics Fund which shall consist of— (a) Grant-in-aid from the Federal Government, and the Provincial Governments; (b) Collections, subscriptions, and donations from any person body, association or organization; (c) receipts from other sources as may be approved by the Federal Government including sale proceeds from the Institute’s products, publications, and holding of exhibitions, programs, festivals and projects as a self-generated fund, which the Authority may, retain and spend therefrom and the balance, if any, shall be deposited in the self-generated fund account maintained by the Authority separately for this purpose in the scheduled banks; and (d) such funds as it may generate through private-public partnerships.

Effective date: 2023-08-03

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