26 No. of 2002] Freedom of Information PART II FINANCIAL AND OTHER PROVISIONS Funds of Commission 10. (1) The funds of the Commission shall consist of such moneys as may — (a) be appropriated by Parliament for the purposes of the Commission; (b) be paid to the Commission by way of grants or donations; and (c) vest in or accrue to the Commission. (2) The Commission may— (a) subject to the approval of the National Assembly, accept moneys by way of grants or donation from any source; and (b) subject to the approval of the National Assembly, raise, by way of loans or otherwise, such moneys as it may require for the discharge of its functions. (3) There shall be paid from the funds of the Commission — (a) the salaries, allowances and loans of the staff of the Commission; (b) such reasonable travelling, transport and subsistence allowance for the members and members of any committee of the Commission when engaged in the business of the Commission, and at such rates as the Commission may determine; and (c) any other expenses incurred by the Commission in the performance of its functions. (4) The Commission may invest in such manner as it thinks fit such of its funds as it does not immediately require for the performance of its functions. Financial year 11. The financial year of the Commission shall be the period of twelve months ending on 31st December in each year. Accounts 12. (1) The Commission shall cause to be kept proper books of account and other records relating to its accounts. (2) The accounts of the Commission shall be audited annually by independent auditor’s appointed by the Commission. (3) The auditors, fees shall be paid by the Commission. N.A.B 14, 2002 5 10 15 20 25 30 35