Section 50
of Access to Biological Resources and Benefit Sharing Act 2017
ActIn forceProvision 50 of 65
Section 50
Except for the money received by a Competent Authority under section 22 and subsection 23(5), all moneys received under this Act by a Competent Authority shall be paid into and form part of—
(a)
where the Competent Authority is under the jurisdiction of the Federal Government, the Consolidated Fund; or
(b)
where the Competent Authority is under the jurisdiction of the State Government, the State Consolidated Fund.