SPORTS ACT - 1976 (SMCD 54)

    Section - 33 - Funds of the National Council.

    (1) The funds of the National Council shall include-

    (a) any grants received from the Government by the National Council for the discharge of its objects and functions;

    (b) any loans granted to the National Council by the Government or any banking institution;

    (c) any money accruing to the National Council in the course of the performance of its objects and functions under this Decree including proceeds of matches and competitions, and

    (d) gifts.

    (2) All moneys received by or on behalf of the National Council shall be deposited to the credit of the National Council in a bank approved by the National Council.