Section 200 Electricity Act 2023

Section 200 of the Electricity Act 2023 is about Fund of the Institute. It is under Part XIX (National Power Training Institute of Nigeria) of the Act.

(1) The Fund of the Institute includes —
(a) fees charged by and payable to the Institute in respect of its training activities:
(b) any other fund, amount, charges or dues recoverable by the Institute:

(c) revenue, accruing to the Institute by the way of budgetary appropriation by the National Assembly, fees earned from consultancy services, subvention, grants-in-aid, endowment or otherwise; and
(d) donations and legacies accruing to the Institute from any source for the general or special purpose for the Institute.

(2) Subject to extant framework on revenue of government agencies, the sums of money received on account of the Institute shall be paid into such bank as may be approved by the Council of the Institute for the credit of the Institutes general, current or deposit bank accounts.

(3) Donations of money to be applied for any particular purpose may be expended by the Institute in fulfilment of such purposes only:
Provided that the Institute shall not be obliged to accept a donation for a particular purpose unless it approves of the terms and conditions attaching to such donation.