Section 103
Solid Waste and Public Cleansing Management Fund
of Solid Waste and Public Cleansing Management Act 2007
(1)
A fund to be known as the “Solid Waste and Public
Cleansing Management Fund” is established and shall be controlled and operated by the Corporation.
(2)
The Solid Waste and Public Cleansing Management Fund shall consist of—
(a)
any sums contributed by the State Government and local authority under any arrangements made pursuant to the
Federal Constitution;
(b)
all moneys received from the charges, fees or levy imposed under section 30;
(c)
all moneys appropriated from the Federal Government for the management of controlled solid waste and public cleansing.
(3)
The Solid Waste and Public Cleansing Management Fund shall be expended for the following purposes:
(a)
paying for the cost incurred as a result of the agreement made under section 4; and
(b)
paying for the charges, fees or levy in relation to the direction given by the Director General under subsection 23(5) to carry out solid waste management services and public cleansing management services.
Solid Waste and Public Cleansing Management 79
(4)
The Corporation shall cause proper accounts of the Solid
Waste and Public Cleansing Management Fund and proper reports of its activities in respect of the Fund to be kept and shall, as soon as practicable after the end of the financial year, cause to be prepared for that financial year—
(a)
a statement of accounts which shall include a balance sheet and an account of the contributions and expenditure; and
(b)
a statements of its activities.
(5)
The Corporation shall as soon as possible send a copy of statement of accounts certified by the auditors and a copy of auditors’ report to the Minister and the Minister shall cause them to be laid before both Houses of Parliament.