National Development Finance Agency Act, 2002

Expenses of Agency.

26.—(1) The administrative expenses of the Agency that are incurred in the performance of its functions shall be charged on and paid out of the Central Fund or the growing produce thereof.

(2) The expenses of the Agency that are incurred in the performance of its financing functions (including payments of interest and principal) shall be charged and paid out of repayments to the Agency on loans advanced by it or out of any surplus accruing to the Agency.

(3) The expenses of the Agency that are incurred in the performance of its advisory functions in relation to specific public investment projects or specific related projects shall be charged on and paid out of the vote of the appropriate Department or Departments.

(4) In this section “expenses” includes any fee payable to a Board member, any consultant or adviser or other service provider engaged by the Agency under this Act.